Foundations in Art Theory and Education

Analysis

Foundations in Art Theory and Education is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in June 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundations in Art Theory and Education reported income of $132k and spending of $209k, spending 158% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $132k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundations in Art Theory and Education sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Sunstate Orquestral Program Inc ($132k), Telugu Association of Central Ohio ($132k) and Mini World of Trains ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 83% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.