Valley Arts Academy Inc

Analysis

Valley Arts Academy Inc is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in April 2013, 13 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, Valley Arts Academy Inc reported income of $5.9m and spending of $5.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $5.9m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valley Arts Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within UT. Charities of a similar size with the same main cause include Sefaradic Gan Inc ($5.9m), Chattanooga Girls Leadership Academy Inc ($5.9m) and School Empowerment Network Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $139k (2.4% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $9.8m against liabilities of $7.9m, net assets of $1.9m. It reported 98 employees.