Arkansas Arts Academy

Analysis

Arkansas Arts Academy is a registered charity in United States, based in Rogers, AR. 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, Arkansas Arts Academy reported income of $11.9m and spending of $11.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.6m to $11.9m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arkansas Arts Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AR. Charities of a similar size with the same main cause include University of South Alabama Foundation ($11.9m), Monticello Academy Inc ($11.9m) and Geo Prep at Mid-City Inc ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $127k (1.1% of expenses). At year end it held assets of $1.8m against liabilities of $463k, net assets of $1.3m. It reported 165 employees.