Madison Creative Arts Academy Inc

Analysis

Madison Creative Arts Academy Inc is a registered charity in United States, based in Madison, FL. It received its IRS tax-exemption ruling in September 2016, 10 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 2024, Madison Creative Arts Academy Inc reported income of $4.0m and spending of $4.3m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.5m to $4.0m (+61%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Creative Arts Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Angleton Christian School Corporation ($4.0m), Jewels School Inc ($4.0m) and Independence Classical Academy Inc ($4.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $117k (2.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $10.3m against liabilities of $8.3m, net assets of $2.0m. It reported 61 employees.