Childrens Institute of Fashion Arts Inc

Analysis

Childrens Institute of Fashion Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2017, 9 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 June 2023, Childrens Institute of Fashion Arts Inc reported income of $68k and spending of $91k, spending 134% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $112k to $68k (-39%), an average of -39% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Institute of Fashion Arts Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Lakewood Young Filmmakers Academy ($68k), Miniature Museum of Greater St Louis ($68k) and Cultivating Creative Minds ($68k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.