Art and Science Academy Inc

Analysis

Art and Science Academy Inc is a registered charity in United States, based in Isanti, MN. It received its IRS tax-exemption ruling in October 2014, 12 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, Art and Science Academy Inc reported income of $5.0m and spending of $4.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $5.0m (+5.9%), an average of +1.4% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Art and Science Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Jenison Christian Schools ($5.0m), Massachusetts Charter Public School Association Inc ($5.0m) and Wild Plum Center for Young Children and Families Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $152k (3.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.9m against liabilities of $4.2m, net assets of -$359k. It reported 87 employees.