Community School of the Arts

Analysis

Community School of the Arts is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in March 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community School of the Arts reported income of $3.8m and spending of $771k, leaving 80% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $661k to $3.8m (+472%), an average of +79% a year. The sharpest change came in the year to June 2022, when income rose by 144%. Over the whole period it spent 23% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community School of the Arts sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within AR. Charities of a similar size with the same main cause include Bay Chamber Concerts ($3.8m), Center for Fathers and Families ($3.8m) and Lake George Association Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Other salaries and wages came to $403k. At year end it held assets of $17.5m against liabilities of $10.2m, net assets of $7.3m. It reported 17 employees.