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

$21.2MRevenue

$46.0MAssets

85/100Mission Score (Excellent)

B29

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.

AI Transparency Report

Syracuse Arts Academy Inc demonstrates consistent financial growth over the past decade, with revenue increasing from $6.5 million in 2014 to over $18.9 million in 2023. The organization generally operates with a slight surplus, as seen in the 2023 period where revenue of $18,944,656 exceeded expenses of $18,723,571. This indicates sound financial management and an ability to cover operational costs.

The organization's asset base has also grown significantly, from $19.7 million in 2014 to $46.3 million in 2023, suggesting investment in its mission or infrastructure. A notable aspect of its financial health is the consistent reporting of 0% officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing funds towards programmatic activities rather than executive salaries. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging.

While the consistent growth and lack of reported officer compensation are positive indicators, the high liabilities relative to assets (e.g., $37.3 million in liabilities against $46.3 million in assets in 2023) warrant closer examination. This could be due to long-term debt related to facility expansion or other investments, which is common for growing organizations, but it does represent a significant financial obligation. Overall, the academy appears to be a financially stable and growing entity, with a strong commitment to transparency regarding executive pay.

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.

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 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.	PDF
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.

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.