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Rocky Mountain Classical Academy

Colorado Springs, CO · EIN 20-4543388 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Rocky Mountain Classical Academy reported $19.8 million in revenue and $18.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.37 went to program services, $21.63 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.1% of the total. Government grants made up 7.7%. The highest compensation it reported for one person was $151,078 (Assistant Principal). 3 people received more than $100,000 in reportable compensation. Revenue rose 61% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $19M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $20M

Other revenue was negative: −$22,968. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
78.4%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
21.6%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
8.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
7.7%1.1%
Program service revenue share
Part VIII 2g ÷ 12
91.1%69.9%
Highest reported compensation
Part VII-A, columns D–F
$151,078$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.81%1.28%
People paid over $100,000
Part VII, line 2
38
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
-1.713.3
Independent voting board members
Part VI 1a–1b
7 of 7100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$15M expenses · 100.0% of program spending · revenue $18M

Organized and operated exclusively for educational purposes

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Assistant Principal
Director/trustee, 40.00 hrs/week
$121,935$0$29,143$151,078
Facilities Director
Director/trustee, 40.00 hrs/week
$109,619$0$35,152$144,771
Executive Principal
Director/trustee, officer, 40.00 hrs/week
$106,309$0$29,707$136,016
Executive Principal
Director/trustee, officer, 40.00 hrs/week
$67,060$0$21,275$88,335

3 people received more than $100,000 in reportable compensation from Rocky Mountain Classical Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $584K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$20M$19M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$20M$19M78.4%−$2.6M$151,078
FY2024 ⓘ$19M$19M80.9%−$3.7M$163,426
FY2023 ⓘ$16M$16M80.4%−$4.3M$158,044
FY2022 ⓘ$14M$11M75.9%−$4.0M$162,712
FY2021 ⓘ$13M$9.7M75.6%−$7.8M$176,884
FY2020 ⓘ$12M$13M71.1%−$17M$140,962

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5203
  • Volunteers Part I, line 61,629

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Stellar Restoration Services LLC
Roof Repair Services
$1,054,805
TAGG Education
Substitute Teacher Services
$383,158
Michaels of Denver Catering
Meal Service
$383,073
JHL COnstructors Inc
Facility Construction
$217,321
Jan-Pro Franchise Development of
Cleaning Services
$186,871

Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Rocky Mountain Classical Academy totaling $461 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Rocky Mountain Classical Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Rocky Mountain Classical Academy, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Colorado

Questions people ask

How much of Rocky Mountain Classical Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, Rocky Mountain Classical Academy reported that 78.4% of its $18.7 million in expenses went to program services, 21.6% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Rocky Mountain Classical Academy pay its top executive?

The largest total compensation Rocky Mountain Classical Academy reported for one person in the fiscal year ending June 30, 2025 was $151,078, for the role of Assistant Principal (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Rocky Mountain Classical Academy get its money?

Of $19.8 million in revenue in the fiscal year ending June 30, 2025, 8.0% came from contributions and grants (including 7.7% from government grants) and 91.1% from program service revenue (Form 990, Part VIII).

Is Rocky Mountain Classical Academy a registered charity?

The IRS lists EIN 20-4543388 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621279349303672 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202413199349307366 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202420969349301607 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320489349301602 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220159349300012 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121129349301562 · read the filing

All filings for EIN 20-4543388: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.