Davinci Academy of Arts and Science

Analysis

Davinci Academy of Arts and Science is a registered charity in United States, based in Ham Lake, MN. It received its IRS tax-exemption ruling in September 2008, 18 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, Davinci Academy of Arts and Science reported income of $12.8m and spending of $13.4m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $12.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 21%. 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, Davinci Academy of Arts and Science 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 96th percentile within MN. Charities of a similar size with the same main cause include Bridges Academy ($12.8m), Seed School of Los Angeles County ($12.8m) and East Waco Innovative School Development Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $111k (0.8% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $9.2m against liabilities of $9.9m, net assets of -$678k. It reported 194 employees.