Arizona Academy of the Performing Arts Inc

Analysis

Arizona Academy of the Performing Arts Inc is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2024, Arizona Academy of the Performing Arts Inc reported income of $1.4m and spending of $1.6m, spending 112% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $1.2m to $1.4m (+19%), an average of +3.5% a year. The sharpest change came in the year to September 2021, when income rose by 250%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arizona Academy of the Performing Arts Inc 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 83rd percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Art Start Incorporated ($1.4m), Lexington Childrens Theatre Inc ($1.4m) and Bach Choir of Bethlehem ($1.4m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 21% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $80k (5.0% of expenses). Other salaries and wages came to $124k. At year end it held assets of $999k against liabilities of $272k, net assets of $728k. It reported 7 employees.