Capital Area School for the Arts Charter School

Analysis

Capital Area School for the Arts Charter School is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in August 2014, 12 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, Capital Area School for the Arts Charter School reported income of $3.3m and spending of $3.7m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.3m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capital Area School for the Arts Charter School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Franklin County Library System ($3.3m), Microsociety Academy Charter School Foundation ($3.3m) and Association of Missouri Charterschools ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $165k (4.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.0m against liabilities of $7.5m, net assets of -$3.6m. It reported 42 employees.