High School for Recording Arts

Analysis

High School for Recording Arts is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in August 1999, 27 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, High School for Recording Arts reported income of $6.4m and spending of $6.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.2m to $6.4m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. 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, High School for Recording Arts sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Doral Academy of Texas ($6.4m), Elev8 Baltimore Inc ($6.4m) and Tallahassee Classical School Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $4.2m against liabilities of $4.3m, net assets of -$91k. It reported 68 employees.