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Pinnacle Classical Academy

Shelby, NC · EIN 46-1982572 · 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

Pinnacle Classical Academy reported $13.3 million in revenue and $11.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $77.28 went to program services, $22.72 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 93.3% of the total. Government grants made up 93.1%. The highest compensation it reported for one person was $128,791 (Headmaster). 1 person received more than $100,000 in reportable compensation. Revenue rose 57% 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 $12M

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 $13M

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)
77.3%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
22.7%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
93.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
93.1%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
$128,791$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.11%1.28%
People paid over $100,000
Part VII, line 2
18
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
5.013.3
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
$9.0M expenses · 100.0% of program spending · revenue $13M

Provide facilities, teachers, materials and instruction to enrolled students

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
Headmaster
Director/trustee, key employee, highest compensated employee, 40.00 hrs/week
$128,791$0$0$128,791
Elementary Principal
Key employee, 40.00 hrs/week
$97,405$0$0$97,405
Director
Key employee, 40.00 hrs/week
$86,737$0$0$86,737
Secondary Principal
Key employee, 40.00 hrs/week
$85,112$0$0$85,112
Finance Manager
Director/trustee, key employee, 40.00 hrs/week
$70,767$0$0$70,767
Director
Key employee, 40.00 hrs/week
$65,068$0$0$65,068

1 people received more than $100,000 in reportable compensation from Pinnacle Classical Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $534K (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$13M$12M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$13M$12M77.3%$4.8M$128,791
FY2024 ⓘ$13M$12M80.5%$3.2M$133,338
FY2023 ⓘ$11M$9.3M79.4%$1.6M$133,338
FY2022 ⓘ$11M$9.1M79.3%−$617K$102,310
FY2021 ⓘ$9.8M$9.1M80.5%−$2.6M$96,110
FY2020 ⓘ$8.5M$8.4M82.1%−$3.3M$109,118

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 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • 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 5159
  • Volunteers Part I, line 650

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Clary Construction Concepts
Construction
$170,522

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Pinnacle 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 Pinnacle 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 North Carolina

Questions people ask

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

In the fiscal year ending June 30, 2025, Pinnacle Classical Academy reported that 77.3% of its $11.6 million in expenses went to program services, 22.7% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Pinnacle Classical Academy pay its top executive?

The largest total compensation Pinnacle Classical Academy reported for one person in the fiscal year ending June 30, 2025 was $128,791, for the role of Headmaster (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Pinnacle Classical Academy get its money?

Of $13.3 million in revenue in the fiscal year ending June 30, 2025, 93.3% came from contributions and grants (including 93.1% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Pinnacle Classical Academy a registered charity?

The IRS lists EIN 46-1982572 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 202621139349301152 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540219349300909 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349302722 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330599349300518 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202240429349300009 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101269349301510 · read the filing

All filings for EIN 46-1982572: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.