Harding Fine Arts Academy Foundation

Analysis

Harding Fine Arts Academy Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in September 2019, 7 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harding Fine Arts Academy Foundation reported income of $335k and spending of $514k, spending 153% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $842k to $335k (-60%), an average of -26% a year. The sharpest change came in the year to June 2022, when income rose by 166%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harding Fine Arts Academy Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within OK. Charities of a similar size with the same main cause include Nami Monterey County ($335k), International Primatological Society ($335k) and Paralyzed Veterans of America ($335k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $67k. At year end it held assets of $1.3m against liabilities of $107k, net assets of $1.2m.