Excelsior Classical Academy A Challenge Foundation Academy
Excelsior Classical Academy A Challenge Foundation Academy reported $14.0 million in revenue and $14.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $61.78 went to program services, $38.22 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 96.4% of the total. Government grants made up 96.2%. The highest compensation it reported for one person was $103,346 (School Director). 1 person received more than $100,000 in reportable compensation. Revenue rose 83% 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 $14MFor 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 $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 61.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 38.2% | 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 | 96.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 96.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $103,346 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.73% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 1 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
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 expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| School Director Key employee, highest compensated employee, 40.00 hrs/week | $103,346 | $0 | $0 | $103,346 |
| Finance Manager Key employee, 40.00 hrs/week | $96,757 | $0 | $0 | $96,757 |
1 people received more than $100,000 in reportable compensation from Excelsior Classical Academy A Challenge Foundation Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $278K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b12 · 12 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 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 5212
- Volunteers Part I, line 665
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Excelsior Classical Academy A Challenge Foundation Academy totaling $711 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 Excelsior Classical Academy A Challenge Foundation 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 Excelsior Classical Academy A Challenge Foundation Academy, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Excelsior Classical Academy A Challenge Foundation Academy spent in FY2025, $61.78 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Community Education NetworkChicago, IL · revenue $14M · programs 55.5% · FY2025
- St Philips School and Community CenterDallas, TX · revenue $14M · programs 70.1% · FY2025
- Dallas Christian SchoolMesquite, TX · revenue $14M · programs 83.8% · FY2025
- Elm City College PreparatoryNew Haven, CT · revenue $14M · programs 87.4% · FY2025
- Evergreen Virtual AcademyNorth Bend, OR · revenue $14M · programs 59.4% · FY2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of Excelsior Classical Academy A Challenge Foundation Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Excelsior Classical Academy A Challenge Foundation Academy reported that 61.8% of its $14.1 million in expenses went to program services, 38.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Excelsior Classical Academy A Challenge Foundation Academy pay its top executive?
The largest total compensation Excelsior Classical Academy A Challenge Foundation Academy reported for one person in the fiscal year ending June 30, 2025 was $103,346, for the role of School Director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Excelsior Classical Academy A Challenge Foundation Academy get its money?
Of $14.0 million in revenue in the fiscal year ending June 30, 2025, 96.4% came from contributions and grants (including 96.2% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Excelsior Classical Academy A Challenge Foundation Academy a registered charity?
The IRS lists EIN 46-5038550 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 202601279349302135 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501219349300325 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411349349305901 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311149349300966 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241339349307989 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110689349300426 · read the filing
All filings for EIN 46-5038550: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.