Syracuse Arts Academy Inc

Analysis

Syracuse Arts Academy Inc is a registered charity in United States, based in Syracuse, UT. It received its IRS tax-exemption ruling in January 2008, 18 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 June 2023, Syracuse Arts Academy Inc reported income of $18.9m and spending of $18.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.7m to $18.9m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Syracuse Arts Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Krell Institute Inc ($18.9m), Access Group Inc ($18.9m) and Marshall University Real Estate Foundation Inc ($18.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. At year end it held assets of $46.4m against liabilities of $37.3m, net assets of $9.1m.