Scola

Analysis

Scola is a registered charity in United States, based in McClelland, IA. It received its IRS tax-exemption ruling in September 1987, 39 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 June 2023, Scola reported income of $2.2m and spending of $1.6m, leaving 27% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $295k to $2.2m (+657%), an average of +96% a year. The sharpest change came in the year to June 2022, when income rose by 831%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Scola sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Brookline Music School Inc ($2.2m), Scranton Cultural Center at the Masonic Temple ($2.2m) and Sharon Lynne Wilson Center for the Arts Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 18% of the total. Compensation of current officers, directors and key employees was $291k (18% of expenses). Other salaries and wages came to $276k. At year end it held assets of $5.9m against liabilities of $94k, net assets of $5.8m. It reported 6 employees.