International Academy of Fine Art

International Academy of Fine Art

New Haven, CT, US
501(c)3
EIN
41-1942190
School

International Academy of Fine Art

New Haven, CT, US
501(c)3
EIN
41-1942190
School

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2025

$4,792,047

Program Services
86%
Contributions
13%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2025

$3,926,137

Salaries & Benefits
45%
Offices, Occupancy & IT
20%
Fees to Service Providers
13%
Other
10%
Grants
4%
Depreciation
3%
Advertising & Promotion
3%
Interest
2%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$365,963
$607,568
+66%
Government Grants
$0
$40,000
-
Fundraising Events
$0
$0
-
Program Services
$4,018,084
$4,144,479
+3%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$4,384,047
$4,792,047
+9%
Expenses
2024
2025
Change
Grants
$233,964
$161,783
-31%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,669,504
$1,778,968
+7%
Fees to Service Providers
$495,789
$492,133
-1%
Advertising & Promotion
$148,035
$115,149
-22%
Offices, Occupancy & IT
$864,102
$769,869
-11%
Interest
$104,329
$96,361
-8%
Depreciation
$114,515
$126,543
+11%
Other
$381,528
$385,331
+1%
Total Expenses
$4,011,766
$3,926,137
-2%
Net income
2024
2025
Change
Net income
+$372,281
+$865,910
+133%
Functional Expenses
Summary
2024
2025
Change
Program
$3,107,891
$3,085,935
-1%
Admin
$903,875
$840,202
-7%
Fundraising
$0
$0
-
Total Expenses
$4,011,766
$3,926,137
-2%
Income Statement
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