Academic Arts High School

Analysis

Academic Arts High School is a registered charity in United States, based in West St Paul, MN. It received its IRS tax-exemption ruling in August 2004, 22 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, Academic Arts High School reported income of $2.5m and spending of $2.6m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.5m (+38%), an average of +8.4% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academic Arts High School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Waldorf Parents Association ($2.5m), Ivy Bound Academy Charter School ($2.5m) and Premier-Career Success ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $217k (8.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.5m against liabilities of $2.5m, net assets of $2,413. It reported 40 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.