San Diego Art Institute

Analysis

San Diego Art Institute is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1966, 60 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, San Diego Art Institute reported income of $2.1m and spending of $2.3m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income grew from $551k to $2.1m (+278%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 195%. 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, San Diego Art Institute sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Family Action Network Movement Inc ($2.1m), Studebaker National Museum Inc ($2.1m) and New Music USA Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $110k (4.8% of expenses). Other salaries and wages came to $995k. At year end it held assets of $6.3m against liabilities of $1.3m, net assets of $5.0m. It reported 30 employees.