Big Apple Leadership Academy for the Arts Inc

Analysis

Big Apple Leadership Academy for the Arts Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2019, 7 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 (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, Big Apple Leadership Academy for the Arts Inc reported income of $127k and spending of $120k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $351k to $127k (-64%), an average of -40% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Big Apple Leadership Academy for the Arts Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Twin Hills Little League ($127k), Georgia Showcase Baseball ($127k) and Barre Youth Sports Association Inc ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $7,000 against liabilities of $0, net assets of $7,000.