Cultural Arts Academy Charter School at Spring Creek

Analysis

Cultural Arts Academy Charter School at Spring Creek is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2010, 16 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 2024, Cultural Arts Academy Charter School at Spring Creek reported income of $5.1m and spending of $5.2m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.8m to $5.1m (+5.8%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cultural Arts Academy Charter School at Spring Creek sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Montessori School of McLean ($5.1m), Trinity Baptist College Inc ($5.1m) and LA Academia-The Partnership Charter School ($5.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $194k (3.8% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $812k against liabilities of $997k, net assets of -$186k. It reported 57 employees.