Science and Arts Academy

Analysis

Science and Arts Academy is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in October 1992, 34 years ago. 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, Science and Arts Academy reported income of $8.4m and spending of $9.0m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.4m to $8.4m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Science and Arts Academy 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 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Slovene Home for the Aged ($8.3m), American Opportunity Foundation ($8.4m) and The Bernard and Ruth Siegel Jewish Community Center of Delaware Inc ($8.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $334k (3.7% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $14.1m against liabilities of $10.2m, net assets of $3.9m. It reported 96 employees.