Art School Inc

Analysis

Art School Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Art School Inc reported income of $90k and spending of $117k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $102k to $90k (-12%), an average of -12% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art School Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within WI. Charities of a similar size with the same main cause include Antelope Valley Ballet ($90k), Lunart Inc ($90k) and Womansong of Asheville Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. At year end it held assets of $119k against liabilities of $1,693, net assets of $118k.