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New Classical Academy Incorporated

EIN 20-3546735 · Asheville, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak40 out of 100GovernanceWeak36 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PRIVATE SCHOOL SERVING GRADES K-8

Income
$788,462
Spending
$788,809
Spent on programs
100%
Reserves
-9.7 months of spending
Largest source of income
fees for its services, 99%
Employees
13
Highest pay
$96,438, director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 40 out of 100. Higher than 10% of charities in its peer group (education, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 83% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 0% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 36 out of 100. Higher than 8% of charities in its peer group (education, $250k to $1m).

  • Independent board

    0 of 25

    0 of 1 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $788,559 spent. THE SCHOOL OPERATES ON A STANDARD 5 DAY A WEEK SCHEDULE MONDAY THROUGH FRIDAY FROM 9 AM TO 3 PM; STUDENTS IN OUR TRADITIONAL PROGRAM WILL ATTEND ALL WEEK. IN ADDITION WE WILL OFFER A DISTANCE LEARNING PROGRAM AND A HOME SCHOOL ENRICHMENT PROGRAM. TRADITIONAL PROGRAM: FOR PARENTS WHO PREFER A TRADITIONAL FIVE DAY A WEEK SCHEDULE, WE ARE HERE TO MEET THAT NEED. HOWEVER, FRIDAYS WILL ALWAYS BE OPTIONAL. FOR PARENTS WHO NEED DOWNTIME IN IN THEIR LIVES, WOULD LIKE TO GO ON FAMILY VACATIONS OR PERHAPS JUST SCHEDULE A DOCTOR'S VISIT, REST ASSURED THAT THAT ON ANY FRIDAY YOUR FAMILY CAN TAKE THE TIME YOU NEED FOR YOURSELVES DISTANCE LEARNING PROGRAM: YOUR CHILD IS ENROLLED AS A PRIVATE SCHOOL STUDENT AND ATTENDS SCHOOL HALF OF THE TIME. WE HAVE OPTIONS FOR MONDAY, TUESDAY AND FRIDAY OR WEDNESDAY, THURSDAY AND FRIDAY. AGAIN, KEEP IN MIND THAT FRIDAYS ARE ALWAYS OPTIONAL. FOR THE OTHER TWO DAYS, THE STUDENT WILL COMPLETE THEIR ASSIGNED LESSONS AT HOME. ONCE IN MIDDLE SCHOOL, THIS PROGRAM ASSUMES A HIGH LEVEL OF ACADEMIC WORK AND INDIVIDUAL RESPONSIBILITY. AFTER ONE YEAR ENROLLED IN THIS PROGRAM IN MIDDLE SCHOOL, STUDENTS MUST MAINTAIN A 3.0 GPA. HOME SCHOOL ENRICHMENT PROGRAM: THE THIRD OPTION IS FOR HOME SCHOOL STUDENTS. THE STUDENT WILL ATTEND THE SCHOOL ON FRIDAYS FROM 9 AM TO 3 PM. THE STUDENT WILL REGISTER AS A HOME SCHOOL STUDENT WITH THE STATE AND WILL ATTEND THE SCHOOL AS AN ENRICHMENT PROGRAM, PARTICIPATING IN ALL ASPECTS OF THE SCHOOL DAY AND BEING SEAMLESSLY INTEGRATED INTO OUR SCHOOL COMMUNITY. WE WILL ALSO PROVIDE THESE PARENTS WITH HOME SCHOOL COUNSELING, THE OPPORTUNITY FOR HOME SCHOOL TESTING AND CURRICULUM RESOURCES. THE SCHOOL OPERATES ON A STANDARD 5 DAY A WEEK SCHEDULE MONDAY THROUGH FRIDAY FROM 9 AM TO 3 PM; STUDENTS IN OUR TRADITIONAL PROGRAM WILL ATTEND ALL WEEK. IN ADDITION WE WILL OFFER A DISTANCE LEARNING PROGRAM AND A HOME SCHOOL ENRICHMENT PROGRAM. TRADITIONAL PROGRAM: FOR PARENTS WHO PREFER A TRADITIONAL FIVE DAY A WEEK SCHEDULE, WE ARE HERE TO MEET THAT NEED. HOWEVER, FRIDAYS WILL ALWAYS BE OPTIONAL. FOR PARENTS WHO NEED DOWNTIME IN IN THEIR LIVES, WOULD LIKE TO GO ON FAMILY VACATIONS OR PERHAPS JUST SCHEDULE A DOCTOR'S VISIT, REST ASSURED THAT THAT ON ANY FRIDAY YOUR FAMILY CAN TAKE THE TIME YOU NEED FOR YOURSELVES DISTANCE LEARNING PROGRAM: YOUR CHILD IS ENROLLED AS A PRIVATE SCHOOL STUDENT AND ATTENDS SCHOOL HALF OF THE TIME. WE HAVE OPTIONS FOR MONDAY, TUESDAY AND FRIDAY OR WEDNESDAY, THURSDAY AND FRIDAY. AGAIN, KEEP IN MIND THAT FRIDAYS ARE ALWAYS OPTIONAL. FOR THE OTHER TWO DAYS, THE STUDENT WILL COMPLETE THEIR ASSIGNED LESSONS AT HOME. ONCE IN MIDDLE SCHOOL, THIS PROGRAM ASSUMES A HIGH LEVEL OF ACADEMIC WORK AND INDIVIDUAL RESPONSIBILITY. AFTER ONE YEAR ENROLLED IN THIS PROGRAM IN MIDDLE SCHOOL, STUDENTS MUST MAINTAIN A 3.0 GPA. HOME SCHOOL ENRICHMENT PROGRAM: THE THIRD OPTION IS FOR HOME SCHOOL STUDENTS. THE STUDENT WILL ATTEND THE SCHOOL ON FRIDAYS FROM 9 AM TO 3 PM. THE STUDENT WILL REGISTER AS A HOME SCHOOL STUDENT WITH THE STATE AND WILL ATTEND THE SCHOOL AS AN ENRICHMENT PROGRAM, PARTICIPATING IN ALL ASPECTS OF THE SCHOOL DAY AND BEING SEAMLESSLY INTEGRATED INTO OUR SCHOOL COMMUNITY. WE WILL ALSO PROVIDE THESE PARENTS WITH HOME SCHOOL COUNSELING, THE OPPORTUNITY FOR HOME SCHOOL TESTING AND CURRICULUM RESOURCES.
  2. SEE STATEMENT

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2006.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Classical Academy Incorporated (Escondido, CA), EIN 33-0857665. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.