Arizona School for the Arts

Analysis

Arizona School for the Arts is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arizona School for the Arts reported income of $10.0m and spending of $9.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $10.0m (+14%), an average of +3.3% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arizona School for the Arts sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within AZ. Charities of a similar size with the same main cause include Minnesota Math and Science Academy ($10.0m), Positive Coaching Alliance ($10.0m) and Harambee Institute Science and Technology Charter ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $243k (2.6% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $18.1m against liabilities of $17.7m, net assets of $384k. It reported 119 employees.