Sussex Academy of Arts & Sciences Inc
Only null% goes to programs Thin reserves Growing revenue
Sussex Academy of Arts & Sciences Inc is a 501(c)(3) organization based in Georgetown, Delaware, registered in 2000, with $15,997,485 in FY2023 revenue. CharityIndex grades it D.
21150 Airport Rd, Georgetown, DE, 19947 EIN 51-0394512 Since 2000
Revenue (FY2023)
$16.0M
▲ 7.7% vs prior year
Education median: $200K
Expenses (FY2023)
$16.6M
Net assets
-$22.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Sussex Academy of Arts & Sciences Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sussex Academy of Arts & Sciences Inc: 0 mo reserves · -3% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Sussex Academy of Arts & Sciences Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sussex Academy of Arts & Sciences Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 21150 Airport Rd, Georgetown, DE, 19947
- City
- Georgetown
- State
- Delaware
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Website
- …
Financial trends
Revenue grew from $4.3M (FY2013) to $16.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $57.6MNet assets -$22.7M
Operating margin
-3.5%
Spent more than it raised in the latest fiscal year.
Total assets
$34.9M
Total liabilities
$57.6M
Net assets
-$22.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $15,997,485▲7.7% | $16,551,688▼4.3% | -$22,742,671▼2.5% | $34,856,777▼6.7% | 990 |
| 2022 | $14,858,933▲7.5% | $17,293,494▲8.8% | -$22,188,468▼12.3% | $37,346,572▼12.4% | 990 |
| 2021 | $13,826,672▲3.2% | $15,900,212▲4.5% | -$19,753,907▼25.1% | $42,610,221▲190% | 990 |
| 2020 | $13,402,937▲34.8% | $15,213,221▲37.1% | -$15,787,347▼13.0% | $14,695,491▲54.7% | 990 |
| 2019 | $9,943,100▲8.5% | $11,099,385▲10.3% | -$13,977,063▼9.0% | $9,499,536▲22.6% | 990 |
| 2018 | $9,163,480▲9.6% | $10,059,743▲12.1% | -$12,820,778▼7.5% | $7,748,724▲16.1% | 990 |
| 2017 | $8,364,400▲13.0% | $8,976,271▲23.6% | -$11,924,515▼857% | $6,675,868▲37.1% | 990 |
| 2016 | $7,399,419▲13.9% | $7,264,176▲13.8% | $1,574,669▲9.4% | $4,868,963▲41.3% | 990 |
| 2015 | $6,495,721▲16.1% | $6,382,884▲25.7% | $1,439,426▲8.5% | $3,446,896▲10.5% | 990 |
| 2014 | $5,593,416▲31.4% | $5,076,303▲23.6% | $1,326,589▼15.8% | $3,118,571▲52.5% | 990 |
| 2013 | $4,257,131 | $4,106,489▲1734% | $1,574,961 | $2,044,662 | 990 |
| 2012 | — | $223,924▲4.5% | $0▼100% | $0▼100% | 990 |
| 2011 | — | $214,352▲5.5% | $1,723,891▲1.4% | $3,302,450▼1.4% | 990 |
| 2010 | — | $203,192 | $1,700,867 | $3,350,526 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $52K total
3 grants to Sussex Academy of Arts & Sciences Inc totaling $52K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Delaware Community Foundation | Dcf 2019 focus grants - water education lessons and safety, and unrestricted support | 2018 | $37,218 |
| National Christian Charitable Foundation | Education | 2016 | $5,250 |
| Delaware Community Foundation | Secondary & high schools | 2015 | $9,250 |
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Frequently asked questions
- Is Sussex Academy of Arts & Sciences Inc a legitimate nonprofit?
- Yes. Sussex Academy of Arts & Sciences Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0394512, based in Georgetown, Delaware. Donations are tax-deductible.
- What is Sussex Academy of Arts & Sciences Inc's EIN?
- Sussex Academy of Arts & Sciences Inc's Employer Identification Number (EIN) is 51-0394512.
- How much revenue does Sussex Academy of Arts & Sciences Inc report?
- Sussex Academy of Arts & Sciences Inc reported $15,997,485 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Sussex Academy of Arts & Sciences Inc have?
- CharityIndex grades Sussex Academy of Arts & Sciences Inc D, based on financial health (reserves and operating margin).
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Data for Sussex Academy of Arts & Sciences Inc (EIN 51-0394512) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.