Sanctuary Arts School

Analysis

Sanctuary Arts School is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in June 2019, 7 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, Sanctuary Arts School reported income of $222k and spending of $220k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13k to $222k (+1611%), an average of +103% a year. The sharpest change came in the year to December 2020, when income rose by 1294%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sanctuary Arts School sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within LA. Charities of a similar size with the same main cause include Zbigniew Herbert Polish Supplementary School of Li Inc ($222k), Apa Heritage Foundation ($222k) and Lights Up Theater ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $5,000 (2.3% of expenses). Other salaries and wages came to $75k. At year end it held assets of $92k against liabilities of $0, net assets of $92k. It reported 9 employees.