Advocates for Arts Based Educationinc

Analysis

Advocates for Arts Based Educationinc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2006, 20 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, Advocates for Arts Based Educationinc reported income of $25.5m and spending of $25.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.1m to $25.5m (+27%), an average of +6.2% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Advocates for Arts Based Educationinc 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 98th percentile within LA. Charities of a similar size with the same main cause include Graland Country Day ($25.5m), Partnership for Community Action Inc ($25.5m) and Clarksville Charter School ($25.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $541k (2.1% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $29.8m against liabilities of $6.8m, net assets of $23.0m. It reported 363 employees.