Academy of Arts and Sciences

Analysis

Academy of Arts and Sciences is a registered charity in United States, based in Sandusky, OH. It received its IRS tax-exemption ruling in September 2009, 17 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 June 2023, Academy of Arts and Sciences reported income of $3.3m and spending of $3.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.3m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Arts and Sciences sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Innovative Policy Lab ($3.3m), Watts College of Nursing Inc ($3.4m) and Center for Law and Human Values Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $2.5m against liabilities of $2.5m, net assets of -$26k.