Arts Academy Charter School Inc

Analysis

Arts Academy Charter School Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in October 2012, 14 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, Arts Academy Charter School Inc reported income of $6.4m and spending of $5.5m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $6.4m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arts Academy Charter School Inc 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 92nd percentile within PA. Charities of a similar size with the same main cause include Peckham Community Partnership Foundation ($6.4m), Institute for Brain Potential ($6.4m) and Acera School Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $195k (3.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $9.8m against liabilities of $11.5m, net assets of -$1.7m. It reported 74 employees.