Institute of Classical Architecture and Art Inc

Analysis

Institute of Classical Architecture and Art Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in June 1997, 29 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 December 2023, Institute of Classical Architecture and Art Inc reported income of $159k and spending of $144k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $229k to $159k (-31%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute of Classical Architecture and Art Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include A Ministry of the Heart Inc ($159k), Chinatown Church of Christ ($159k) and Grace Ministries ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 123% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $69k (48% of expenses). At year end it held assets of $277k against liabilities of $5,453, net assets of $272k.