Kansas City Art Institute

Analysis

Kansas City Art Institute is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in March 1939, 87 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, Kansas City Art Institute reported income of $38.4m and spending of $42.4m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.1m to $38.4m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kansas City Art Institute 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 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include St Johnsbury Academy ($38.4m), Palo Alto University Inc ($38.5m) and Southern Illinois University Foundation ($38.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $943k (2.2% of expenses). Other salaries and wages came to $9.7m. It paid $32k in professional fundraising fees. At year end it held assets of $166.7m against liabilities of $27.9m, net assets of $138.8m. It reported 302 employees.