Peninsula Art Academy

Analysis

Peninsula Art Academy is a registered charity in United States, based in Peninsula, OH. It received its IRS tax-exemption ruling in June 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Peninsula Art Academy reported income of $122k and spending of $118k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $122k (+5.9%), an average of +5.9% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peninsula Art Academy sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include Gremlin Theatre ($122k), Orcutt Childrens Art Foundation Inc ($122k) and Halifax County Historical Society ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. At year end it held assets of $63k against liabilities of $50k, net assets of $13k.