Redding School of the Arts

Analysis

Redding School of the Arts is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in June 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, Redding School of the Arts reported income of $9.2m and spending of $7.6m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $9.2m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Redding School of the Arts 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 CA. Charities of a similar size with the same main cause include Alternative Schools Inc ($9.2m), Lamar University Foundation Inc ($9.2m) and Pinellas County Education Foundation Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $275k (3.6% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $5.2m against liabilities of $707k, net assets of $4.5m. It reported 107 employees.