Arts Schools Network

Analysis

Arts Schools Network is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in June 1985, 41 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 June 2023, Arts Schools Network reported income of $1.8m and spending of $1.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $239k to $1.8m (+646%), an average of +65% a year. The sharpest change came in the year to June 2022, when income rose by 551%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Schools Network 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 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Quintessence Theatre Company ($1.8m), Historic Bethlehem Partnership Incorporated ($1.8m) and Foundation for the Performing Arts Center ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $81k (4.6% of expenses). Other salaries and wages came to $101k. At year end it held assets of $487k against liabilities of $108k, net assets of $379k. It reported 4 employees.