Arts House Schools Inc

Analysis

Arts House Schools Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2008, 18 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 August 2023, Arts House Schools Inc reported income of $346k and spending of $324k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $242k to $346k (+43%), an average of +9.3% a year. The sharpest change came in the year to August 2022, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts House Schools Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include The Community Festival ($346k), Maui Pops Orchestra Inc ($346k) and Women on the Worldstage Wow Inc ($346k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $140k. At year end it held assets of $98k against liabilities of $5,469, net assets of $93k. It reported 9 employees.