Cool Classics Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Cool Classics! is an after-school program that uses book-based, arts-integrated curricula to inculcate a love of literature, develop critical thinking skills and introduce public elementary school students in underserved communities to the arts & humanities.
- Income
- $19,557
- Spending
- $52,669
- Reserves
- 11 months of spending
- Largest source of income
- fees for its services, 51%
- Highest pay
- $30,400, president & ceo
Source: Form 990EZ for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 63 out of 100. Higher than 35% of charities in its peer group (youth development, under $250k).
Reserves
28 of 35Spendable reserves would cover 11.0 months of spending.
Debt
16 of 20It owes 24% of what it owns.
Living within its means
0 of 15Spending exceeded income by 169% of income.
Source: Form 990EZ for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending June 30, 2024, 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 (1)
- $50,233 spent. Cool Classics! introduces children to the interpenetration of arts, culture, the humanities and the power of the intellect in communities that may lack such resources, seeking to frame, augment and enhance what teachers do in the classroom. The program is designed for schools that value but may have lost arts and culture programs, and are too often overwhelmed by the demands of a test-driven curriculum.
Source: Form 990EZ for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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.
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 November 6, 2026.
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.
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.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2008.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 4, 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.