Sivan Fine Arts Academy Inc

Analysis

Sivan Fine Arts Academy Inc is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in May 2014, 12 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, Sivan Fine Arts Academy Inc reported income of $91k and spending of $54k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,677 to $91k (+1508%), an average of +1508% a year. The sharpest change came in the year to December 2023, when income rose by 1508%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sivan Fine Arts Academy Inc sits at the 39th 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 IL. Charities of a similar size with the same main cause include Cleveland Art Association ($91k), Ojai Pottery and Clay School ($91k) and Santa Fe Film Festival Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $60k against liabilities of $8,439, net assets of $52k.