Honey Art Academy Inc
- Assets
- $54.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Flushing, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-1935647
Organization Overview
Honey Art Academy Inc is located in Flushing, NY. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honey Art Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Honey Art Academy Inc generated $149.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $145.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OUR DIVERSE PROGRAMS ENCOMPASS DANCE, ART, MUSIC, ACADEMIC SUPPORT, AND MORE, PROVIDING A HOLISTIC LEARNING EXPERIENCE FOR CHILDREN OF ALL AGES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $149,633 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $162 |
| Total Revenue | $149,795 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,489 |
| Professional fees and other payments to independent contractors | $2,650 |
| Occupancy, rent, utilities, and maintenance | $81,984 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,766 |
| Total expenses | $145,889 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,304 |
| Other assets | $0 |
| Total assets | $54,783 |
| Total liabilities | $37,740 |
| Net assets or fund balances | $17,043 |