Institute of American Indian Arts Foundation

Analysis

Institute of American Indian Arts Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in February 2011, 15 years ago. 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 September 2023, Institute of American Indian Arts Foundation reported income of $6.1m and spending of $5.9m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $6.1m (+356%), an average of +46% a year. The sharpest change came in the year to September 2021, when income rose by 355%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute of American Indian Arts Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NM. Charities of a similar size with the same main cause include Macon Citizens for the Handicapped Inc ($6.1m), Harbor House of Central Florida Inc ($6.1m) and Mi Residential Community Inc ($6.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.1m against liabilities of $465k, net assets of $1.6m.