Richland Academy of the Arts

Analysis

Richland Academy of the Arts is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in September 1991, 35 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Richland Academy of the Arts reported income of $916k and spending of $947k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $905k to $916k (+1.2%), an average of +0.3% a year. The sharpest change came in the year to June 2020, when income dropped by 27%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Richland Academy of the Arts sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Junior Players Guild ($916k), The Louise Hopkins Underwood Center for the Arts ($916k) and Monroe Arts Center Inc ($916k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $94k (9.9% of expenses). Other salaries and wages came to $385k. At year end it held assets of $2.2m against liabilities of $76k, net assets of $2.1m. It reported 48 employees.