Community School of the Arts

Analysis

Community School of the Arts is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in August 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community School of the Arts reported income of $232k and spending of $234k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $333k to $232k (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2020, when income dropped by 45%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community School of the Arts sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Grand Illusion Cinema ($232k), Tampa City Ballet Inc ($232k) and Yonkers Arts Inc ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $85k (36% of expenses). Other salaries and wages came to $91k. At year end it held assets of $233k against liabilities of $0, net assets of $233k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.