Academy of Media Arts

Analysis

Academy of Media Arts is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2018, 8 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, Academy of Media Arts reported income of $3.3m and spending of $4.2m, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $571k to $3.3m (+485%), an average of +80% a year. The sharpest change came in the year to June 2021, when income rose by 144%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Media Arts sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Parkview Christian Academy Inc ($3.3m), Chanticleer Athletic Foundation ($3.3m) and California State University Los Angeles Foundation ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $100k (2.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $11.3m against liabilities of $11.9m, net assets of -$602k. It reported 40 employees.