Northern Academy of the Arts

Analysis

Northern Academy of the Arts is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in September 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, Northern Academy of the Arts reported income of $4.6m and spending of $4.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $4.6m (+133%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northern Academy of the Arts sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Souderton Charter School Collaborative ($4.6m), Folds of Honor Foundation ($4.6m) and The Academy of Moore County ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $5.1m against liabilities of $473k, net assets of $4.6m. It reported 90 employees.