DEMOGRAPHIC
ADDRESS
326 STRATFORD DR
40503
COUNTY
fayette county, KY
IN CARE OF NAME
SADHNA G TRUE
ORGANIZATIONAL OVERVIEW & RANKINGS
INNOVATION ARTS ACADEMY INC is a based in LEXINGTON, KY, focused on Arts, Culture and Humanities causes , specifically Performing Arts Organizations. Established in November 2016, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $30,656.00, this ranks 621,256 among 2,656,690 nonprofits nationally (Top 24%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 6,763 out of 31,364 organizations in KY (Top 22%).
In fayette county, KY, the organization ranks 910 out of 3,275 nonprofits by assets (Top 28%), while locally in lexington, it stands at 912 among 3,289 organizations (Top 28%).
The organization reported annual revenue of $205,009.00, ranking 284,710 nationally (Top 11%) and 3,220 in KY (Top 11%).
Within its specific NTEE classification (A60 - A: Arts, Culture and Humanities), which includes 5,577 similar organizations, INNOVATION ARTS ACADEMY INC ranks 836 in assets (Top 15%) and 421 in revenue (Top 8%).
The organization files a 990 (all other) or 990EZ return and operates on a July fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A60: Performing Arts Organizations
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
08/2023
ACCOUNTING PERIOD
08
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$205,009.00
FORM 990 REVENUE AMOUNT
$205,009.00
RULING DATE
11/2016
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$30,656.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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