Madison Avenue School of Arts

Analysis

Madison Avenue School of Arts is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madison Avenue School of Arts reported income of $8.5m and spending of $8.1m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.7m to $8.5m (+26%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Avenue School of Arts 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 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Global Academy ($8.5m), NYC Autism Charter Schools ($8.5m) and Peninsula School Ltd ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $3,700 (0.0% of expenses). At year end it held assets of $1.9m against liabilities of $5.4m, net assets of -$3.5m.