National Association of Schools of Art and Design Inc

Analysis

National Association of Schools of Art and Design Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in July 1974, 52 years ago. 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 2024, National Association of Schools of Art and Design Inc reported income of $1.1m and spending of $914k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $956k to $1.1m (+12%), an average of +2.9% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Association of Schools of Art and Design Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.1m), Clinco Sheltered Industries Inc ($1.1m) and National Association of Rocketry ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 13% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.