Catholic Art Institute Inc

Analysis

Catholic Art Institute Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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 December 2023, Catholic Art Institute Inc reported income of $134k and spending of $122k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $184k to $134k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Art Institute Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 23rd percentile within DC. Charities of a similar size with the same main cause include Georgia Youth Science & Technology Center Inc ($134k), City Roots Community Land Trust Inc ($134k) and Massachusetts Council for Social Studies Inc ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 4.1% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.