Pennsylvania College of Art and Design

Analysis

Pennsylvania College of Art and Design is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in October 1982, 44 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, Pennsylvania College of Art and Design reported income of $10.2m and spending of $11.3m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $10.2m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pennsylvania College of Art and Design sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Morgan Park Academy ($10.2m), Community Educaton Network It Takes a Village Family of Schoo ($10.2m) and Brighten Academy Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $470k (4.2% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $17.0m against liabilities of $6.2m, net assets of $10.8m. It reported 227 employees.