School of the Arts Foundation Inc

Analysis

School of the Arts Foundation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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, School of the Arts Foundation Inc reported income of $3.3m and spending of $2.6m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $3.3m (+21%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, School of the Arts Foundation 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 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include YWCA of Palm Beach County Inc ($3.3m), B J Enterprises ($3.3m) and St Vincent Depaul Place Middletown Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $182k (7.0% of expenses). Other salaries and wages came to $315k. At year end it held assets of $11.7m against liabilities of $389k, net assets of $11.3m. It reported 6 employees.