School of Fine Arts Foundation Inc

Analysis

School of Fine Arts Foundation Inc is a registered charity in United States, based in Henderson, KY. It received its IRS tax-exemption ruling in July 2017, 9 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, School of Fine Arts Foundation Inc reported income of $51k and spending of $34k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $50k to $51k (+2.0%), an average of +2.0% a year. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, School of Fine Arts Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within KY. Charities of a similar size with the same main cause include Cedar Valley Makers Inc ($51k), Copper Hill Parent-Teacher Organization Inc ($51k) and Parma City Schools Foundation ($51k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $81k against liabilities of $733, net assets of $81k.