Fine Arts Institute of Edmond

Analysis

Fine Arts Institute of Edmond is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in October 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Fine Arts Institute of Edmond reported income of $796k and spending of $825k, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $584k to $796k (+36%), an average of +8.1% a year. The sharpest change came in the year to August 2021, when income rose by 56%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fine Arts Institute of Edmond sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OK. Charities of a similar size with the same main cause include Mufon Mutual Ufo Network Inc ($796k), Arts for All Inc ($796k) and Green Gables at Historic Riverview Village Inc ($796k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.8% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $86k (10% of expenses). Other salaries and wages came to $157k. At year end it held assets of $1.3m against liabilities of $191k, net assets of $1.1m. It reported 5 employees.