Arizona Cultural Academy

Analysis

Arizona Cultural Academy is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 1998, 28 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 Cultural Academy reported income of $5.2m and spending of $4.5m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.2m to $5.2m (+61%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arizona Cultural Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include Institute for College Access and Success Inc ($5.2m), John Milledge Academy Inc ($5.2m) and Wildwood Environmental Academy ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $332k (7.3% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $9.2m against liabilities of $0, net assets of $9.2m.