Edison School of the Arts Inc

Analysis

Edison School of the Arts Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2017, 9 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, Edison School of the Arts Inc reported income of $6.7m and spending of $6.5m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.1m to $6.7m (+64%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 41%. 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, Edison School of the Arts Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Morris Brown College ($6.7m), Math and Science Academy ($6.7m) and The Monarch School Inc ($6.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $458k (7.1% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $1.9m against liabilities of $233k, net assets of $1.7m. It reported 90 employees.