Valley Academy for the Arts Inc

Analysis

Valley Academy for the Arts Inc is a registered charity in United States, based in Neenah, WI. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Valley Academy for the Arts Inc reported income of $174k and spending of $187k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $171k to $174k (+2.0%), an average of +0.7% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valley Academy for the Arts Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within WI. Charities of a similar size with the same main cause include Nlha Education Fund ($174k), Hope Christian Academy ($174k) and The Wisconsin Union Association Inc ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $12k (6.4% of expenses). Other salaries and wages came to $1,359. At year end it held assets of $637k against liabilities of $385k, net assets of $252k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.