School of Acrobatics & New Circus Arts

Analysis

School of Acrobatics & New Circus Arts is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, School of Acrobatics & New Circus Arts reported income of $2.8m and spending of $2.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.8m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, School of Acrobatics & New Circus Arts sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Oklahoma Educational Technology TR ($2.8m), Imagine Leadership Academy ($2.8m) and Olmstrong Foundation Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $123k (4.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $350k against liabilities of $136k, net assets of $214k. It reported 131 employees.