Julia Lee Performing Arts Academy

Analysis

Julia Lee Performing Arts Academy is a registered charity in United States, based in Lake Elsinore, CA. It received its IRS tax-exemption ruling in June 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, Julia Lee Performing Arts Academy reported income of $7.1m and spending of $6.1m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $7.1m (+243%), an average of +36% a year. The sharpest change came in the year to June 2020, when income rose by 55%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Julia Lee Performing Arts Academy 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 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Dekalb Preparatory Academy Inc ($7.1m), The Luzerne Foundation ($7.1m) and Eastern Mennonite School ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $5.7m against liabilities of $3.3m, net assets of $2.4m. It reported 68 employees.