Virginia · Nonprofit
ACADEMY CENTER OF THE ARTS INC
ACADEMY CENTER OF THE ARTS INC (Virginia) receives grants from 48 organizations whose IRS filings report $4,675,074 to it, the largest being DONOR ADVISED CHARITABLE GIVING INC ($1,048,647). 36 of them have funded it in more than one year, and 60% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $7.4M
- Funders on record
- 48
- Grants received
- $4.7M
- Net assets
- $42M
What Academy Center of the Arts Inc does
Mission
The organization's mission is to cultivate a healthier and more interconnected community through cultural infrastructure and community-building arts programs.through the academy, community health and interconnectivity will be cultivated through:-programs that inspire individuals of all ages, unlocking their inherent potential and nurturing social bonds.-state-of-the-art facilities and dedicated support staff that elevate other local arts institutions and cultural activities.-activities that engage broad audiences, with special emphasis on addressing limited access to community networks by fostering collaboration and expanding opportunities for personal growth.
As stated on its FY2025 Form 990.
Programs
Promotion of the creative arts in the central virginia area, the academy provides 237 art classes over varying periods for persons ranging from young children to senior citizens. Over 4,871 persons were served via these classes. The academy also presents art shows in its gallery and at other spaces throughout the community. These presentations give local artists a venue to display their talents. It also allows members of the community to be able to view quality artwork without having to travel outside of the general area.
$5,023,817 spent$2,987,417 earned by the program97% of program spendingThe academy is also involved in the restoration of the historic academy of music theater in lynchburg, virginia. The academy of music theater is a building dating to the early 1900's. It is both historically and architecturally significant to the lynchburg area. The theater played host to some of the great names of american entertainment in the days before moving pictures. The expenses associated with this activity are present in the balance sheet in that most, if not all, expenditures are for capitalized items.
$133,790 spent3% of program spending
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $5,157,607.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $35M to $40M (+16%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 2% · 2019 10% · 2020 16% · 2021 16% · 2022 7% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
40% of ACADEMY CENTER OF THE ARTS INC’s revenue is contributions — about as donation-reliant as the typical peer (63% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Geoffrey Kershner
Chief executive officer
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 15 funders to 24 funders, grant income fell $848k → $425k.
13 of 48 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 60% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $126k from one payer (the payer shares this organization's board, largest Centra Health Inc). These are real filings, and they are not money ACADEMY CENTER OF THE ARTS INC raised.
From the IRS filings of ACADEMY CENTER OF THE ARTS INC’s funders (the co-funder graph). Top 30 of 48 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ACADEMY CENTER OF THE ARTS INC has a broad base — no single funder exceeds 22% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
71% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ACADEMY CENTER OF THE ARTS INC.
Largest funder’s share by year: 2017 59% · 2018 28% · 2019 42% · 2020 35% · 2021 26% · 2022 16% · 2023 17% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
53% of ACADEMY CENTER OF THE ARTS INC's funders are still giving 3 years after their first grant; 75% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
60% of ACADEMY CENTER OF THE ARTS INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $1.9M that is directly attributable, 86% of it comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.8M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ACADEMY CENTER OF THE ARTS INC has grown faster than three-quarters of the 3,430 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 3,430 arts & culture nonprofits $1M–$10M, FY2025
Government funding ACADEMY CENTER OF THE ARTS INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $10k on record.
- National Endowment for the Arts$10k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like ACADEMY CENTER OF THE ARTS INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Public support
94%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for ACADEMY CENTER OF THE ARTS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ACADEMY CENTER OF THE ARTS INC?
- ACADEMY CENTER OF THE ARTS INC (Virginia) receives grants from 48 organizations whose IRS filings report $4,675,074 to it, the largest being DONOR ADVISED CHARITABLE GIVING INC ($1,048,647). 36 of them have funded it in more than one year, and 60% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does ACADEMY CENTER OF THE ARTS INC have?
- IRS filings report 48 organizations giving $4,675,074 in grants to ACADEMY CENTER OF THE ARTS INC, 36 of which have funded it in more than one year.
- Who is the largest funder of ACADEMY CENTER OF THE ARTS INC?
- DONOR ADVISED CHARITABLE GIVING INC is the largest funder on record, with $1,048,647 in grants. The full list of funders is on this page.
- How can an organization like ACADEMY CENTER OF THE ARTS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Academy Center of the Arts →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 48 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing