Easton Arts Academy Elementary Charter School

Analysis

Easton Arts Academy Elementary Charter School is a registered charity in United States, based in Easton, PA. It received its IRS tax-exemption ruling in January 2020, 6 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, Easton Arts Academy Elementary Charter School reported income of $5.7m and spending of $6.0m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.8m to $5.7m (-1.5%), an average of -0.5% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Easton Arts Academy Elementary Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include The Baptist Preparatory School ($5.7m), Abby Lane Housing Corporation ($5.7m) and Leap Social Enterprise Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $223k (3.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $10.6m against liabilities of $9.3m, net assets of $1.4m. It reported 59 employees.