Notably Gifted Arts Academy Inc

Analysis

Notably Gifted Arts Academy Inc is a registered charity in United States, based in Moraine, OH. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Notably Gifted Arts Academy Inc reported income of $665k and spending of $724k, spending 109% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $239k to $665k (+178%), an average of +67% a year. The sharpest change came in the year to June 2023, when income rose by 156%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Notably Gifted Arts Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Yorktown Huskies Ac Inc ($665k), Ti Sports ($666k) and Hope Ranch of Montana ($664k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $170k (23% of expenses). At year end it held assets of $31k against liabilities of $38k, net assets of -$7,692. It reported 44 employees.