Nu Art Education Inc

Analysis

Nu Art Education Inc is a registered charity in United States, based in Rncho Cordova, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nu Art Education Inc reported income of $2.2m and spending of $1.9m, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $330k to $2.2m (+561%), an average of +88% a year. The sharpest change came in the year to December 2022, when income rose by 161%. 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, Nu Art Education Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Champion Schools Inc ($2.2m), Public Library of Cincinnati and Hamilton County Foundation ($2.2m) and Out in Tech Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $96k (5.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $636k against liabilities of $18k, net assets of $618k. It reported 53 employees.