College Art Association of America Inc

Analysis

College Art Association of America Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1938, 88 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 June 2023, College Art Association of America Inc reported income of $2.8m and spending of $3.3m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $2.8m (-31%), an average of -8.8% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, College Art Association of America Inc 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 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Wisconsin Chamber Orchestra Inc ($2.8m), Saugatuck Center for the Arts Inc ($2.8m) and Camerata Pacifica ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $360k (11% of expenses). Other salaries and wages came to $773k. At year end it held assets of $13.1m against liabilities of $1.9m, net assets of $11.2m. It reported 22 employees.