Syracuse Arts Academy Inc
Syracuse Arts Academy Inc shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 113738847 · Syracuse, UT · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.2M |
| Total Expenses | $18.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $18 |
| Net Assets | $9.1M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Syracuse Arts Academy Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Syracuse Arts Academy Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Syracuse Arts Academy Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $18.9M and expenses of $18.7M.
Revenue and Expenses
Syracuse Arts Academy Inc reported $18.9M in revenue and $18.7M in expenses, a surplus of $221K.
Executive Compensation
Top officer compensation appears as $18 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Syracuse Arts Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $15.9M (85%) |
Across stored filings, Syracuse Arts Academy Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Shepherds Walk Foundation Inc | Utah and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Syracuse Arts Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Syracuse Arts Academy Inc
Syracuse Arts Academy Inc (EIN: 113738847) is a nonprofit organization based in Syracuse, UT, classified under NTEE code B29. The organization reported total revenue of $21.2M and total assets of $46.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Syracuse Arts Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Syracuse Arts Academy Inc is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.9M |
| Total Expenses | $18.7M |
| Surplus / Deficit | +$221K |
| Total Assets | $46.4M |
| Total Liabilities | $37.3M |
| Net Assets | $9.1M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 80.4% |
| Months of Reserves | 29.7 months |
Financial Health Grade: A
In 2023, Syracuse Arts Academy Inc reported a surplus of $221K with revenue exceeding expenses, holds 29.7 months of operating reserves (strong position), has a debt-to-asset ratio of 80.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Syracuse Arts Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.6% | +0.6% | -0.7% |
| 2022 | -0.4% | +19.6% | +16.8% |
| 2021 | +18.5% | +3.2% | +6.1% |
| 2020 | +5.2% | +7.2% | -0.2% |
| 2019 | +6.0% | +5.5% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Syracuse Arts Academy Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Syracuse Arts Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $221K, with revenue exceeding expenses.
- Debt-to-asset ratio: 80.4%.
Executive Compensation Analysis
Syracuse Arts Academy Inc consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of its size with over $18 million in annual expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Syracuse Arts Academy Inc's IRS 990 filings:
- High liabilities relative to assets (e.g., $37.3M liabilities vs. $46.3M assets in 2023), which could indicate significant debt burden.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Syracuse Arts Academy Inc:
- Consistent and significant revenue growth over a decade, from $6.5M in 2014 to $18.9M in 2023.
- Zero reported officer compensation across all 13 filings, indicating strong commitment to mission and transparency.
- Consistent operational surpluses, demonstrating sound financial management.
- Substantial growth in assets, from $19.7M in 2014 to $46.3M in 2023, suggesting investment in organizational capacity.
Frequently Asked Questions about Syracuse Arts Academy Inc
Is Syracuse Arts Academy Inc a legitimate charity?
Syracuse Arts Academy Inc (EIN: 113738847) is a registered tax-exempt nonprofit based in Utah. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $21.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Syracuse Arts Academy Inc spend its money?
Syracuse Arts Academy Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Syracuse Arts Academy Inc tax-deductible?
Syracuse Arts Academy Inc is registered as a tax-exempt nonprofit (EIN: 113738847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Syracuse Arts Academy Inc CEO make?
Syracuse Arts Academy Inc's highest-compensated officer earns $18 annually. The organization reported $21.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Syracuse Arts Academy Inc's spending goes to programs?
Syracuse Arts Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Syracuse Arts Academy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Syracuse Arts Academy Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Syracuse Arts Academy Inc located?
Syracuse Arts Academy Inc is headquartered in Syracuse, Utah and files with the IRS under EIN 113738847. It is classified under NTEE code B29.
How many years of IRS 990 filings does Syracuse Arts Academy Inc have?
Syracuse Arts Academy Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $21.2M in total revenue.
Is Syracuse Arts Academy Inc a good charity?
Based on the available data, Syracuse Arts Academy Inc appears to be a well-managed organization with consistent revenue growth and a strong commitment to not paying officer compensation. This suggests a high dedication to its mission and efficient use of funds. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of its efficiency.
What is the trend in the organization's financial health?
The organization shows a strong positive trend in financial health, with revenue growing from $6.5 million in 2014 to $18.9 million in 2023, and assets increasing from $19.7 million to $46.3 million over the same period. Expenses have also grown proportionally, indicating expansion of operations.
Why is officer compensation reported as 0%?
The IRS 990 filings consistently report 0% officer compensation. This could mean that officers are volunteers, compensated through other means not reported as officer compensation, or that the organization has a unique governance structure where traditional officer salaries are not a factor. It is a significant indicator of financial transparency and dedication to mission.
What is the organization's debt situation?
Syracuse Arts Academy Inc carries significant liabilities relative to its assets. For example, in 2023, liabilities were $37,313,458 against assets of $46,383,855. This high liability-to-asset ratio suggests substantial debt, potentially for facility expansion or other long-term investments, which is common for growing educational or arts institutions.
Filing History
IRS 990 filing history for Syracuse Arts Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Syracuse Arts Academy Inc's revenue has grown by 218.9%, moving from $5.9M to $18.9M. Total assets increased by 143.9% over the same period, from $19.0M to $46.4M. Total functional expenses rose by 233.4%, from $5.6M to $18.7M. In its most recent filing year (2023), Syracuse Arts Academy Inc reported a surplus of $221K, with revenue exceeding expenses. The organization holds $37.3M in liabilities against $46.4M in assets (debt-to-asset ratio: 80.4%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.9M | $18.7M | $46.4M | $37.3M | — | View 990 |
| 2022 | $18.3M | $18.6M | $46.7M | $37.8M | — | View 990 |
| 2021 | $18.4M | $15.6M | $40.0M | $30.8M | — | View 990 |
| 2020 | $15.5M | $15.1M | $37.7M | $31.0M | — | View 990 |
| 2019 | $14.7M | $14.1M | $37.8M | $31.5M | — | View 990 |
| 2018 | $13.9M | $13.3M | $37.5M | $31.9M | — | View 990 |
| 2017 | $12.7M | $12.4M | $37.4M | $32.4M | — | View 990 |
| 2016 | $10.8M | $10.2M | $31.9M | $27.2M | — | View 990 |
| 2015 | $6.6M | $6.3M | $19.9M | $15.8M | — | View 990 |
| 2014 | $6.6M | $6.3M | $19.8M | $16.0M | — | View 990 |
| 2013 | $6.4M | $6.0M | $19.7M | $16.2M | — | View 990 |
| 2012 | $6.5M | $5.7M | $19.4M | $16.3M | — | View 990 |
| 2011 | $5.9M | $5.6M | $19.0M | $16.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.9M, expenses of $18.7M, and assets of $46.4M (revenue +3.6% year-over-year).
- 2022: Revenue of $18.3M, expenses of $18.6M, and assets of $46.7M (revenue -0.4% year-over-year).
- 2021: Revenue of $18.4M, expenses of $15.6M, and assets of $40.0M (revenue +18.5% year-over-year).
- 2020: Revenue of $15.5M, expenses of $15.1M, and assets of $37.7M (revenue +5.2% year-over-year).
- 2019: Revenue of $14.7M, expenses of $14.1M, and assets of $37.8M (revenue +6.0% year-over-year).
- 2018: Revenue of $13.9M, expenses of $13.3M, and assets of $37.5M (revenue +9.1% year-over-year).
- 2017: Revenue of $12.7M, expenses of $12.4M, and assets of $37.4M (revenue +18.4% year-over-year).
- 2016: Revenue of $10.8M, expenses of $10.2M, and assets of $31.9M (revenue +62.1% year-over-year).
- 2015: Revenue of $6.6M, expenses of $6.3M, and assets of $19.9M (revenue +0.8% year-over-year).
- 2014: Revenue of $6.6M, expenses of $6.3M, and assets of $19.8M (revenue +3.3% year-over-year).
- 2013: Revenue of $6.4M, expenses of $6.0M, and assets of $19.7M (revenue -2.7% year-over-year).
- 2012: Revenue of $6.5M, expenses of $5.7M, and assets of $19.4M (revenue +10.3% year-over-year).
- 2011: Revenue of $5.9M, expenses of $5.6M, and assets of $19.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Syracuse Arts Academy Inc:
Data Sources and Methodology
This transparency report for Syracuse Arts Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.