Association of Independent Colleges of Art and Design Inc

Analysis

Association of Independent Colleges of Art and Design Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Association of Independent Colleges of Art and Design Inc reported income of $1.0m and spending of $1.2m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.0m (-3.7%), an average of -1.0% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of Independent Colleges of Art and Design Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within RI. Charities of a similar size with the same main cause include City of Knowledge ($1.0m), Liberty Leadership Academy ($1.0m) and Humboldt Daycare & Preschool Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 39% of the total. Other salaries and wages came to $389k. At year end it held assets of $631k against liabilities of $119k, net assets of $512k. It reported 4 employees.