American Academy of Dramatic Arts

Analysis

American Academy of Dramatic Arts is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1954, 72 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 August 2023, American Academy of Dramatic Arts reported income of $24.3m and spending of $23.4m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $28.9m to $24.3m (-16%), an average of -4.2% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Academy of Dramatic Arts sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Tacony Neighborhood Charter School ($24.3m), Accel ($24.3m) and Kent State University Foundation ($24.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $724k (3.1% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $84.4m against liabilities of $56.6m, net assets of $27.9m. It reported 434 employees.