G-Star School of the Arts Inc

Analysis

G-Star School of the Arts Inc is a registered charity in United States, based in Palm Springs, FL. It received its IRS tax-exemption ruling in March 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 2023, G-Star School of the Arts Inc reported income of $8.8m and spending of $9.5m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $8.8m (+27%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, G-Star School of the Arts Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Covenant Classical School ($8.8m), The Center School ($8.8m) and Calais School ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $124k (1.3% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $8.0m against liabilities of $11.4m, net assets of -$3.4m. It reported 95 employees.