Academia de Les Lletres I Belles Arts

Analysis

Academia de Les Lletres I Belles Arts is a registered charity in United States, based in Independence, OR. It received its IRS tax-exemption ruling in January 2004, 22 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 December 2023, Academia de Les Lletres I Belles Arts reported income of $2.1m and spending of $2.0m, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $2.1m (+68%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 175%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academia de Les Lletres I Belles Arts sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OR. Charities of a similar size with the same main cause include Chapel Hill Cooperative Preschool ($2.1m), Thistle Waithe Learning Center Inc ($2.1m) and University of Memphis Researchfoundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $165k (8.3% of expenses). Other salaries and wages came to $346k. At year end it held assets of $1.3m against liabilities of $727k, net assets of $558k. It reported 3 employees.