Columbus College of Art & Design

Analysis

Columbus College of Art & Design is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 1973, 53 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, Columbus College of Art & Design reported income of $45.0m and spending of $44.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.6m to $45.0m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Columbus College of Art & Design sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Palisades Charter High School ($45.0m), Malone University ($45.0m) and Paterson Charter School for Science and Technology Inc ($44.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $727k (1.6% of expenses). Other salaries and wages came to $12.9m. It paid $61k in professional fundraising fees. At year end it held assets of $72.9m against liabilities of $12.1m, net assets of $60.8m. It reported 677 employees.