Childrens Institute of Fashion Arts Inc
Nonprofit profile at a glance
- EIN
- 813435129
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- New York, NY, USA
- Phone
- 6462219121
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $82,363
- Expenses
- $78,972
- Assets
- $21,668
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- BRITTA B WHEELER (SECRETARY)
- WILLIAM JOHN POWELL (CHAIR)
- MARY GRIECO (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The children's institute of fashion arts is a non-profit charitable cultural organization devoted to the expansive education in the culture and craft of clothing. Our mission is to foster children's authentic selves through creative inquiry, and to inspire children to be industrious, persistent problem-solvers. We serve children and families by providing immersive, interdisciplinary, hands-on, creative education and exhibitions that enliven and inspire people of all ages to think, understand, and innovate.
What it reported doing in 2024
General program - we spend funds on our general administration that includes outreach and development, maintenance of our website, a library, and storage of related materials, and the extra curricular workshops that we run.
Operating model
- Revenue model
- Earned-program. 69% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 100
- Sustainability: 40
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.9%; rating input score 67
- Program expense ratio: 69.8%; rating input score 70
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 4.1%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0.27; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: -6.9% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 66.9% of revenue deployed · 69.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $55K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- Review — Sustainability: Operating margin scored 53/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 11/100.