American Institute of Graphic Arts

Analysis

American Institute of Graphic Arts is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, American Institute of Graphic Arts reported income of $3.3m and spending of $4.2m, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.6m to $3.3m (-27%), an average of -7.6% a year. The sharpest change came in the year to September 2022, when income dropped by 30%. Over the whole period it spent 166% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Institute of Graphic Arts sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Museum of Discovery ($3.3m), Chicken & Egg Pictures Inc ($3.3m) and One Common Unity Inc ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $224k (5.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.3m against liabilities of $1.8m, net assets of $483k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.