Indian Fine Arts Academy of Sandiego

Analysis

Indian Fine Arts Academy of Sandiego is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indian Fine Arts Academy of Sandiego reported income of $89k and spending of $126k, spending 142% of what it took in. Across the 5 years on record, from July 2020 to December 2023, income fell from $228k to $89k (-61%), an average of -21% a year. The sharpest change came in the year to July 2022, when income rose by 161%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indian Fine Arts Academy of Sandiego sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Coyaba Dance Theater Inc ($89k), Hungarian Society of Massachusetts Inc ($89k) and Newark Valley Historical Society C ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 34% of the total. At year end it held assets of $312k against liabilities of $0, net assets of $312k.