Utopian Academy for the Arts the Miller Foundation Inc

Analysis

Utopian Academy for the Arts the Miller Foundation Inc is a registered charity in United States, based in Riverdale, GA. It received its IRS tax-exemption ruling in November 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, Utopian Academy for the Arts the Miller Foundation Inc reported income of $10.5m and spending of $11.8m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $10.5m (+270%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 98%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utopian Academy for the Arts the Miller Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Canterbury School of Florida Inc ($10.5m), Defending Democracy Together Institute ($10.5m) and Washington Manufacturing Services ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $243k (2.1% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $8.6m against liabilities of $8.9m, net assets of -$346k. It reported 74 employees.