Society of the Educational Arts Inc

Analysis

Society of the Educational Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Society of the Educational Arts Inc reported income of $1.2m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of the Educational Arts Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include National Space Club and Foundation ($1.2m), National Black Arts Festival Inc ($1.2m) and Woodland Pattern Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $295k (27% of expenses). Other salaries and wages came to $92k. At year end it held assets of $953k against liabilities of $163k, net assets of $790k. It reported 8 employees.