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North Carolina · Nonprofit

Classical Charter Schools of America

Classical Charter Schools of America (North Carolina) receives grants from 4 organizations whose IRS filings report $224,022 to it, the largest being New Hanover Community Endowment Inc ($194,900). 2 of them have funded it in more than one year.

Revenue FY2025
$32M
Funders on record
4
Grants received
$224k
Net assets
$14M
2/4 repeat funderspeak grant-dependency 1%
01What it does

What Classical Charter Schools of America does

Mission

Organizations Mission - Our understandings of humankind and our universe are expressed and communicated through all of our arts and sciences. Each method of expression - language, painting, music, mathematics, and science - has rules and techniques for effectively communicating these ideas and understandings. These rules and techniques are the bridges over which ideas must be communicated from one generation to the next. Thus, the mission of Classical Charters of America, through the Roger Bacon Academy is, for the next generation, to teach the rules and techniques for effective expressioin and communicatino in the arts and sciences, to communicate, by these arts and scienses, our understandings of the universe and our role in it, and to instill a love of learning and discovery, justifying a life-long dedication to health, truth and virtue.

As stated on its FY2025 Form 990.

Program

  1. Operated four tuition-free public charter schools located in Leland, Southport, Whiteville, and Wilmington, NC. These schools served approximately 2,507 students for the fiscal year ended June 30, 2025. Each school offers a distinctive classical curriculum delivered with the direct instruction teaching method. Each of the two mature K-8 campuses, currently and consistently provides the top-scoring elementary and middle schools in their respective counties on state end-of-grade tests.

    $19,387,084 spent
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $19,387,084.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($19M) Expenses 100 ($18M) Net assets 100 ($4.2M)2018 Revenue 107 ($20M) Expenses 107 ($20M) Net assets 116 ($4.8M)2019 Revenue 106 ($20M) Expenses 106 ($19M) Net assets 136 ($5.7M)2020 Revenue 115 ($22M) Expenses 118 ($22M) Net assets 143 ($6.0M)2021 Revenue 163 ($31M) Expenses 151 ($28M) Net assets 226 ($9.4M)2022 Revenue 152 ($29M) Expenses 160 ($29M) Net assets 220 ($9.2M)2023 Revenue 169 ($32M) Expenses 170 ($31M) Net assets 247 ($10M)2024 Revenue 182 ($35M) Expenses 176 ($32M) Net assets 316 ($13M)2025 Revenue 165 ($32M) Expenses 169 ($31M) Net assets 328 ($14M)
'17'18'19'20'21'22'23'24'25
Revenue (165)Expenses (169)Net assets (328)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $13M to $50M (+286%).

$9.0M
$9.8M
$11M
$13M
$50M
$50M
$52M
$54M
$54M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 4% · 2018 5% · 2019 5% · 2020 6% · 2021 12% · 2022 13% · 2023 16% · 2024 14% · 2025 7%. Grants only. Government contracts and fees sit inside program revenue.

9% of Classical Charter Schools of America’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,251 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$736k
’17
$668k
’18
$825k
’19
$308k
’20
$3.5M
’21
−$236k
’22
$1.1M
’23
$2.5M
’24
$514k
’25
4.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Colleen Combs

Chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed888888887
Joined·+0+0+0+0+0+2+0+3
No longer listed·00000204
03Who funds it

Who funds it, year by year

2020 → 2023: the base held at 2 funders, grant income rose $521 → $12k.

Funder
'20
'21
'22
'23
'24*
total
$27k
funders
2
1
2
2
1

1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Classical Charter Schools of America’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Classical Charter Schools of America leans on a few funders — its largest provides 87% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

87%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2020 98% · 2021 100% · 2022 100% · 2023 96% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

88% of Classical Charter Schools of America's grant income comes from North Carolina funders.

CA
NC

In-state vs out-of-state, by year

’20
’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing. $3k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Classical Charter Schools of America is better cushioned than half of the 3,758 education nonprofits its size.

Operating margin2% · below the median
Months of reserve4.3mo · above the median
Revenue growth (annualized)6% · below the median

this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025

Government funding Classical Charter Schools of America receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $464k on record.

Federal$464k
grants $464kcontracts $0
17
18
19
20
21
22
23
24
25
Top agencies
  • Department of Education$464k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like Classical Charter Schools of America

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

62% of spending goes to programs.

Program 62%Management 38%Fundraising 0%

Governance

5
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

NC

Part of a family of 4 related entities

  • Leland Charter LLC · disregarded
  • Columbus Charter LLC · disregarded
  • Southport Charter Campus LLC · disregarded
  • Charter Day Booster Club · exempt

Screen this organization

A dated, signed PDF of the compliance screen for Classical Charter Schools of America: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Classical Charter Schools of America?
Classical Charter Schools of America (North Carolina) receives grants from 4 organizations whose IRS filings report $224,022 to it, the largest being New Hanover Community Endowment Inc ($194,900). 2 of them have funded it in more than one year.
How many funders does Classical Charter Schools of America have?
IRS filings report 4 organizations giving $224,022 in grants to Classical Charter Schools of America, 2 of which have funded it in more than one year.
Who is the largest funder of Classical Charter Schools of America?
New Hanover Community Endowment Inc is the largest funder on record, with $194,900 in grants. The full list of funders is on this page.
How can an organization like Classical Charter Schools of America find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Classical Charter Schools of America →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing