Princeton Academy of Art Inc

Analysis

Princeton Academy of Art Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Princeton Academy of Art Inc reported income of $418k and spending of $469k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $418k (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Princeton Academy of Art Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Camille Players Inc ($418k), Rubber City Shakespeare Company ($418k) and Main Stage Productions Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $54k (12% of expenses). Other salaries and wages came to $87k. It paid $2,675 in professional fundraising fees. At year end it held assets of $139k against liabilities of $7,095, net assets of $132k. It reported 4 employees.