Arts Academy of New Hampshire

Analysis

Arts Academy of New Hampshire is a registered charity in United States, based in Salem, NH. It received its IRS tax-exemption ruling in July 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, Arts Academy of New Hampshire reported income of $1.4m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.4m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arts Academy of New Hampshire sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NH. Charities of a similar size with the same main cause include Marymount Education Foundation ($1.4m), Nativity Preparatory Academy of Rochester ($1.4m) and Cambridge Prep Academy Incorporated ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 6.1% of the total. Other salaries and wages came to $770k. At year end it held assets of $1.5m against liabilities of $1.1m, net assets of $362k. It reported 22 employees.