Civic Intelligence

Northern Academy of the Arts

EIN 82-4017884 • 501(c)3 • Middletown, NY

Profile

Northern Academy of the Arts is a New York not-for-profit organization with the mission to nurture students from grades 1 to 12 to become well-educated individuals of exemplary moral character. To this end, Northern Academy of the Arts provides a rigorous college preparatory and classical arts education steeped in Western and Eastern traditions. Revenue is derived principally from tuition fees and other program income, as well as contributions made by individuals and others.

1 Ashley AvenueMiddletown, NY 10940

www.northernacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.39x

Higher debt load relative to assets than 61% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.41x

Higher debt load relative to revenue than 65% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

30th percentile

-1.2%

Higher net margin than 30% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

88th percentile

45%

Faster asset growth than 88% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

53%

Faster revenue growth than 83% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,416,341

Up $2,314,888 (+45%) from 2023

Liabilities

Up

$2,871,687

Up $2,399,031 (+508%) from 2023

Net Assets

Down

$4,544,654

Down $84,143 (-1.8%) from 2023

Revenue

Up

$7,052,080

Up $2,432,941 (+53%) from 2023

Expenses

Up

$7,136,223

Up $2,874,992 (+67%) from 2023

Net Income

Down

-$84,143

Down $442,051 (-124%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $786,452Liabilities 2018: $143,989Net Assets 2018: $642,4632018Assets 2019: $1,790,871Liabilities 2019: $488,352Net Assets 2019: $1,302,5192019Assets 2020: $2,750,331Liabilities 2020: $253,394Net Assets 2020: $2,496,9372020Assets 2021: $4,019,420Liabilities 2021: $886,077Net Assets 2021: $3,133,3432021Assets 2022: $4,869,273Liabilities 2022: $598,384Net Assets 2022: $4,270,8892022Assets 2023: $5,101,453Liabilities 2023: $472,656Net Assets 2023: $4,628,7972023Assets 2024: $7,416,341Liabilities 2024: $2,871,687Net Assets 2024: $4,544,6542024

Highlighted filing

2024

Assets$7,416,341
Liabilities$2,871,687
Net Assets$4,544,654

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $1,223,218Expenses 2018: $580,755Net Income 2018: $642,4632018Revenue 2019: $1,981,419Expenses 2019: $1,321,365Net Income 2019: $660,0542019Revenue 2020: $2,492,627Expenses 2020: $1,298,209Net Income 2020: $1,194,4182020Revenue 2021: $2,506,408Expenses 2021: $1,870,002Net Income 2021: $636,4062021Revenue 2022: $4,325,400Expenses 2022: $3,187,854Net Income 2022: $1,137,5462022Revenue 2023: $4,619,139Expenses 2023: $4,261,231Net Income 2023: $357,9082023Revenue 2024: $7,052,080Expenses 2024: $7,136,223Net Income 2024: -$84,1432024

Highlighted filing

2024

Revenue$7,052,080
Expenses$7,136,223
Net Income-$84,143

Filings