Arts Based School

Analysis

Arts Based School is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in September 2000, 26 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 2024, Arts Based School reported income of $7.4m and spending of $7.9m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.8m to $7.4m (+55%), an average of +9.2% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arts Based School 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 95th percentile within NC. Charities of a similar size with the same main cause include Womens Business Development Council Inc ($7.4m), Chapin School ($7.4m) and Accreditation Alliance of Career Schools and Colleges ($7.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $13.6m against liabilities of $18.6m, net assets of -$5.0m. It reported 104 employees.