Honeywell Arts Academy Inc

Analysis

Honeywell Arts Academy Inc is a registered charity in United States, based in Wabash, IN. It received its IRS tax-exemption ruling in February 2023, 3 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Honeywell Arts Academy Inc reported income of $571k and spending of $502k, spending 88% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $402k to $571k (+42%), an average of +42% a year. The sharpest change came in the year to September 2023, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Honeywell Arts Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include The Fischoff National Chamber Music Association Inc ($571k), Center for the Study of Technology & Society Inc ($572k) and Tennessee Association of Craft Artists ($571k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Other salaries and wages came to $56k. At year end it held assets of $649 against liabilities of $0, net assets of $649.