New Orleans Academy of Fine Arts Ltd

Analysis

New Orleans Academy of Fine Arts Ltd is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 1981, 45 years ago. 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 July 2023, New Orleans Academy of Fine Arts Ltd reported income of $797k and spending of $733k, spending 92% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $548k to $797k (+45%), an average of +13% a year. The sharpest change came in the year to July 2021, when income rose by 145%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Orleans Academy of Fine Arts Ltd sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Bradford County Regional Arts Council ($797k), American Planning Association ($797k) and Catlett Volunteer Fire and Rescue Company Inc ($797k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $115k (16% of expenses). Other salaries and wages came to $292k. At year end it held assets of $2.6m against liabilities of $30, net assets of $2.6m. It reported 1 employees.