Art School at Old Church Inc

Analysis

Art School at Old Church Inc is a registered charity in United States, based in Demarest, NJ. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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 May 2024, Art School at Old Church Inc reported income of $965k and spending of $914k, spending 95% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $839k to $965k (+15%), an average of +3.6% a year. The sharpest change came in the year to May 2023, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art School at Old Church Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Athens Bulldog Swim Club Inc ($965k), United Way of Natrona County Inc ($965k) and New Morning School ($965k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 10% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $90k (9.8% of expenses). Other salaries and wages came to $450k. At year end it held assets of $1.0m against liabilities of $150k, net assets of $899k. It reported 62 employees.