North Shore Academy of the Arts Inc

Analysis

North Shore Academy of the Arts Inc is a registered charity in United States, based in Grafton, WI. It received its IRS tax-exemption ruling in November 2000, 26 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 December 2023, North Shore Academy of the Arts Inc reported income of $87k and spending of $87k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $87k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Shore Academy of the Arts Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within WI. Charities of a similar size with the same main cause include Theatre Company of Saugus Inc ($87k), Downtown Lenoir Development Alliance ($87k) and BJ & Skips for the Music Foundation ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Compensation of current officers, directors and key employees was $4,300 (4.9% of expenses). At year end it held assets of $7,045 against liabilities of $3,370, net assets of $3,675. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.