Charleston Classical School FY2023 filing

Tax-deductible

N Charleston, SC501(c)(3)EducationEIN 84-2272370

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K-12 school. We began teaching in 2021 with 11 students in K-2. Today we have 28 students enrolled for grades K-5 and are positioned to continue to grow.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $8K a year · 2% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $70K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$297K
+112% vs prior year
Spent
$298K
To programs
85%
Net assets
$55K
By yearFY2021–FY2025
Revenue
$297K
FY2023▲ +112%
Revenue by fiscal year
FY2021$140K
FY2023$297K
FY2024$397K
FY2025$304K
Expenses
$298K
FY2023
Expenses by fiscal year
FY2021Not on file
FY2023$298K
FY2024$336K
FY2025$339K
Net assets
$55K
FY2023▼ -61%
Net assets by fiscal year
FY2021$139K
FY2023$55K
FY2024$113K
FY2025$78K

From the FY2023 Form 990 (year ending July 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $254K Management & general 10% · $31K Fundraising 4% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member Head of School
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
See Charleston Classical School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates K-5 students, growing from 11 to 28 since 2021.

Provided by the organization

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1 program service account for $254K of program spending, described in the organization's own filed words · FY2022.
01

We provide classical education for children chiefly those in low-income families keeping tuition lowest for the families most in need. The bulk of our funding comes from donors.

$254Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$70K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$297K
Ln 12
Gifts and grantsLn 1h$278K
Fees for servicesLn 2g$17K
Other incomeLn 4–11$2K
Money outPt IX
$298K
Ln 25
Programscol B$254K
Managementcol C$31K
Fundraisingcol D$13K
Owns and owesPt X
$55K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$59K
LiabilitiesLn 26$5K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$278K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$17K
Other incomeLn 4–11$2K
Gains on assetsLn 7$0
Total revenueLn 12$297K
Assets in detailPt X, end of year
CashLn 1$57K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$58K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$0
Total assetsLn 16$59K
LiabilitiesLn 26$5K
Net assetsLn 32$55K
OperationsPt I, VI
EmployeesI 518
VolunteersI 615
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$52K$58K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$1K$1K
Total assetsLn 16$54K$59K
LiabilitiesLn 26−$2K$5K
Net assetsLn 32$56K$55K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$193K$164K$18K$11K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$330$330$0$0
Payroll taxesLn 10$15K$13K$1K$807
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$513$153$0$360
Advertising and promotionLn 12$27K$27K$0$0
Office expensesLn 13$2K$673$2K$0
Information technologyLn 14$5K$3K$2K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$38K$34K$4K$0
TravelLn 17$396$396$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$12K$11K$1K$0
All other expensesLn 24e$3K$1K$0$1K
Total functional expensesLn 25$298K$254K$31K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $304K$339K−$35K$78K 990 PDF
FY2024 $397K$336K$61K$113K 990 PDF
FY2023 Viewing $297K$298K−$1K$55K 990 PDF
FY2022 Not on file
FY2021 $140K$139K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $296,987 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$278,278
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$278,278
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,930 · Unrelated business $0 · Excluded from tax $0$16,930
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,779 · Unrelated business $0 · Excluded from tax $0$1,779
VIII-12 Total revenueRelated to mission $18,709 · Unrelated business $0 · Excluded from tax $0$296,987
Part IX · Statement of functional expenses $298,363 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $164,483 · Management $18,295 · Fundraising $10,648$193,426
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $330 · Management $0 · Fundraising $0$330
IX-10 Payroll taxesPrograms $12,606 · Management $1,384 · Fundraising $807$14,797
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $153 · Management $0 · Fundraising $360$513
IX-12 Advertising and promotionPrograms $26,523 · Management $0 · Fundraising $0$26,523
IX-13 Office expensesPrograms $673 · Management $1,508 · Fundraising $0$2,181
IX-14 Information technologyPrograms $2,655 · Management $1,898 · Fundraising $0$4,553
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $33,827 · Management $3,759 · Fundraising $0$37,586
IX-17 TravelPrograms $396 · Management $0 · Fundraising $0$396
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $3,194 · Fundraising $0$3,194
IX-24 Other expenses (24a–d)Programs $11,223 · Management $1,017 · Fundraising $0$12,240
IX-24e All other expensesPrograms $1,202 · Management $0 · Fundraising $1,422$2,624
IX-25 Total functional expensesPrograms $254,071 · Management $31,055 · Fundraising $13,237$298,363
Part X · Balance sheet $59,448 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $50,542$56,725
X-2 Savings and temporary cash investmentsStart of year $1,228$1,305
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $745−$55
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $1,267$1,473
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $53,782$59,448
X-17 Accounts payable and accrued expensesStart of year −$3,066$4,213
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $627$390
X-26 Total liabilitiesStart of year −$2,439$4,603
X-27 Net assets without donor restrictionsStart of year $56,221$54,845
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $56,221$54,845
X-33 Total liabilities and net assetsStart of year $53,782$59,448
Part XI · Reconciliation of net assets $54,845 net assets at year end
XI-1 Total revenue$296,987
XI-2 Total expenses$298,363
XI-3 Revenue less expenses−$1,376
XI-4 Net assets at start of year$56,221
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$54,845

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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