Excelsior Classical Academy - A Challenge Foundation Academy
Only null% goes to programs Growing revenue
Excelsior Classical Academy - A Challenge Foundation Academy is a 501(c)(3) organization based in Durham, North Carolina, registered in 2015, with $13,334,790 in FY2023 revenue. CharityIndex grades it B.
4100 N Roxboro St, Durham, NC, 27704 EIN 46-5038550 Since 2015
Revenue (FY2023)
$13.3M
▼ 0.2% vs prior year
Education median: $200K
Expenses (FY2023)
$13.7M
Net assets
$2.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Excelsior Classical Academy - A Challenge Foundation Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Excelsior Classical Academy - A Challenge Foundation Academy: 2 mo reserves · -3% margin earns a B on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Excelsior Classical Academy - A Challenge Foundation Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Excelsior Classical Academy - A Challenge Foundation Academy: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 4100 N Roxboro St, Durham, NC, 27704
- City
- Durham
- State
- North Carolina
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Website
- …
Financial trends
Revenue grew from $14K (FY2014) to $13.3M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $35.3MNet assets $2.7M
Operating margin
-2.5%
Spent more than it raised in the latest fiscal year.
Total assets
$38.0M
Total liabilities
$35.3M
Net assets
$2.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $13,334,790▼0.2% | $13,670,708▲10.4% | $2,685,692▼11.1% | $38,025,757▼3.9% | 990 |
| 2022 | $13,356,996▲20.8% | $12,386,671▲11.0% | $3,021,610▲47.3% | $39,549,334▲7.6% | 990 |
| 2021 | $11,053,421▲24.8% | $11,158,248▲34.4% | $2,051,285▼3.0% | $36,744,828▲62.9% | 990 |
| 2020 | $8,858,224▲15.5% | $8,305,139▲17.3% | $2,114,667▲35.4% | $22,552,123▲1.1% | 990 |
| 2019 | $7,667,882▲31.1% | $7,082,465▲9.0% | $1,561,582▲60.0% | $22,295,977▲20.0% | 990 |
| 2018 | $5,848,880▲30.6% | $6,496,681▲52.2% | $976,165▼16.3% | $18,576,264▲54.7% | 990 |
| 2017 | $4,477,625▲31.0% | $4,267,690▲44.9% | $1,165,716▲22.0% | $12,006,235▲571% | 990 |
| 2016 | $3,418,011▲46.6% | $2,944,514▲55.5% | $955,781▲98.2% | $1,790,629▲239% | 990 |
| 2015 | $2,331,523▲16202% | $1,893,171▲4355% | $482,284▲1867% | $528,965▲858% | 990 |
| 2014 | $14,302 | $42,498 | -$27,297 | $55,203 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $44K total
6 grants to Excelsior Classical Academy - A Challenge Foundation Academy totaling $44K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,000 |
| Donor Advised Charitable Giving | Education | 2021 | $8,000 |
| Donor Advised Charitable Giving | Education | 2020 | $6,000 |
| Donor Advised Charitable Giving | Education | 2020 | $6,000 |
| Donor Advised Charitable Giving | Education | 2019 | $6,000 |
| Donor Advised Charitable Giving | Education | 2018 | $8,000 |
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Frequently asked questions
- Is Excelsior Classical Academy - A Challenge Foundation Academy a legitimate nonprofit?
- Yes. Excelsior Classical Academy - A Challenge Foundation Academy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-5038550, based in Durham, North Carolina. Donations are tax-deductible.
- What is Excelsior Classical Academy - A Challenge Foundation Academy's EIN?
- Excelsior Classical Academy - A Challenge Foundation Academy's Employer Identification Number (EIN) is 46-5038550.
- How much revenue does Excelsior Classical Academy - A Challenge Foundation Academy report?
- Excelsior Classical Academy - A Challenge Foundation Academy reported $13,334,790 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Excelsior Classical Academy - A Challenge Foundation Academy have?
- CharityIndex grades Excelsior Classical Academy - A Challenge Foundation Academy B, based on financial health (reserves and operating margin).
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Data for Excelsior Classical Academy - A Challenge Foundation Academy (EIN 46-5038550) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.