Sharron Millers Academy for the Performing Arts Inc

Analysis

Sharron Millers Academy for the Performing Arts Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in August 1997, 29 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 2024, Sharron Millers Academy for the Performing Arts Inc reported income of $693k and spending of $789k, spending 114% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $725k to $693k (-4.4%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sharron Millers Academy for the Performing Arts Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Cuttingedge Learning Academy Inc ($693k), Carousel Day Service Center of Crossett Inc ($693k) and Hype Freedom School Inc ($693k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $84k (11% of expenses). Other salaries and wages came to $279k. It paid $20k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $1.8m, net assets of $258k. It reported 62 employees.