Arts Academy Elementary Charter School Inc

Analysis

Arts Academy Elementary Charter School Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in April 2018, 8 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 Elementary Charter School Inc reported income of $8.0m and spending of $7.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $8.0m (+31%), an average of +7.0% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arts Academy Elementary Charter School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Revolution Academy ($8.0m), St Petersburg College Foundation Inc ($8.0m) and Harriet Tubman Village Charter School Inc ($8.0m).

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 $244k (3.1% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $10.2m against liabilities of $9.5m, net assets of $730k. It reported 110 employees.