Academy of Media Arts Foundation

Analysis

Academy of Media Arts Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2020, 6 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 June 2023, Academy of Media Arts Foundation reported income of $451k and spending of $551k, spending 122% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $253k to $451k (+78%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Media Arts Foundation sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Catholic School Foundation of the Diocese of Sioux City Iowa ($451k), Read to Succeed Asheville ($451k) and Liberty Christian School Inc ($451k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.