Utah Arts Academy

Analysis

Utah Arts Academy is a registered charity in United States, based in St George, UT. It received its IRS tax-exemption ruling in April 2022, 4 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 2024, Utah Arts Academy reported income of $3.8m and spending of $3.9m, spending 103% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $3.8m to $3.8m (-2.2%), an average of -1.1% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utah Arts Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include Army War College Foundation Incorporated ($3.8m), Communities in Schools of Greater Central Texas Incorporated ($3.8m) and North Carolina Independent Colleges & Universities ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $3.5m against liabilities of $985k, net assets of $2.6m. It reported 37 employees.