Tian Yue Academy of the Arts

Analysis

Tian Yue Academy of the Arts is a registered charity in United States, based in North Reading, MA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tian Yue Academy of the Arts reported income of $487k and spending of $482k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $497k to $487k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tian Yue Academy of the Arts sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Port Townsend Film Institute Port Townsend Film Festival ($487k), International Commission for Labor Rights ($487k) and Learning First Alliance ($486k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $48k (10.0% of expenses). Other salaries and wages came to $243k. At year end it held assets of $847k against liabilities of $270k, net assets of $577k. It reported 10 employees.