Partnership for Art at the Core of Education Inc

Analysis

Partnership for Art at the Core of Education Inc is a registered charity in United States, based in Swannanoa, NC. It received its IRS tax-exemption ruling in March 2001, 25 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, Partnership for Art at the Core of Education Inc reported income of $4.9m and spending of $5.8m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.9m (+24%), an average of +5.5% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Partnership for Art at the Core of Education 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 93rd percentile within NC. Charities of a similar size with the same main cause include The Moog Center for Deaf Education ($4.8m), Destiny Advanced Learning Center ($4.9m) and City of Lakes Waldorf School ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $1.7m against liabilities of $22k, net assets of $1.6m. It reported 94 employees.