Institute for Doctoral Studies Inthe Visual Arts

Analysis

Institute for Doctoral Studies Inthe Visual Arts is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in November 2007, 19 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 April 2023, Institute for Doctoral Studies Inthe Visual Arts reported income of $2.4m and spending of $2.4m, spending 97% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $2.7m to $2.4m (-10%), an average of -2.6% a year. The sharpest change came in the year to April 2020, when income dropped by 39%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for Doctoral Studies Inthe Visual Arts sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within ME. Charities of a similar size with the same main cause include Walnut Grove Christian School Inc ($2.4m), Napa Valley Farmworker Foundation ($2.4m) and Noahs Ark Child Care Center Inc ($2.4m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $352k (15% of expenses). Other salaries and wages came to $368k. At year end it held assets of $2.1m against liabilities of $159k, net assets of $2.0m. It reported 7 employees.