Manatee School of Arts and Sciences Inc

Analysis

Manatee School of Arts and Sciences Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in September 1997, 29 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, Manatee School of Arts and Sciences Inc reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.4m (-10.0%), an average of -2.6% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manatee School of Arts and Sciences Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include A New Day Learning Academy Inc ($1.4m), Harte Research Support Foundation ($1.4m) and Christian Community School ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $107k (7.6% of expenses). Other salaries and wages came to $755k. At year end it held assets of $1.4m against liabilities of $250k, net assets of $1.2m. It reported 22 employees.