Applause Academy Ma Inc

Analysis

Applause Academy Ma Inc is a registered charity in United States, based in Taunton, MA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Applause Academy Ma Inc reported income of $310k and spending of $352k, spending 114% of what it took in. Across the 6 years on record, from August 2018 to August 2023, income grew from $275k to $310k (+12%), an average of +2.4% a year. The sharpest change came in the year to August 2021, when income rose by 99%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Applause Academy Ma Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include The Center for Advancing Innovation Inc ($310k), Chicago Dance Health Fund ($310k) and Colorado Municipal Clerks Association ($310k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. At year end it held assets of $223k against liabilities of $41k, net assets of $182k.