National Academy of Design

Analysis

National Academy of Design is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Academy of Design reported income of $1.4m and spending of $3.3m, spending 242% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $45.8m to $1.4m (-97%), an average of -58% a year. The sharpest change came in the year to June 2021, when income rose by 114%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Academy of Design sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Dayspring Bible College and Seminary Inc ($1.4m), Whitney Point Preschool Inc ($1.4m) and Backyard Sports Cares Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% of the total. Compensation of current officers, directors and key employees was $348k (10% of expenses). Other salaries and wages came to $863k. At year end it held assets of $85.7m against liabilities of $4.5m, net assets of $81.3m. It reported 14 employees.