Kentucky · Nonprofit
Innovation Arts Academy Inc
Innovation Arts Academy Inc (Kentucky) receives grants from 1 organization whose IRS filings report $295 to it, the largest being AMAZONSMILE FOUNDATION ($295). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $304k
- Funders on record
- 1
- Grants received
- $295
- Net assets
- $31k
What Innovation Arts Academy Inc does
Mission
Supporting and developing arts professionals; and showcasing the arts in the community.
As stated on its FY2025 Form 990.
Programs
Providing training in the performing arts to children and promoting performing arts education in public and private schools for children in lexington, ky and the surrounding communities. Classes offered include musical theatre performance training with advanced acting a variety of dance classes. Vocal training and workshops in audition skills are also offered. Innovation arts academy has collaborated with the local schools by providing information about classes, workshops, holding auditions at area schools and assisting students in preparation for school auditions and for entrance to the school for the creative and performing arts (scapa).
$128,186 spent$229,502 earned by the program59% of program spendingWe showcase the talents of children in lexington, ky and the surrounding communities through performances and participation in community arts events. Innovation arts academy produces musicals, takes students to theater festivals and regional voice festivals.
$88,413 spent$19,018 earned by the program41% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $216,599.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 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 2021 to 2022, from $23k to $42k (+81%).
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.
0% of Innovation Arts Academy Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 7 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.
Who funds it, year by year
2020 → 2023: the base held at 1 funder, grant income rose $53 → $72.
1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Innovation Arts Academy Inc’s funders (the co-funder graph). 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.
Where its funders are
100% of Innovation Arts Academy 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. Too little is directly attributable to place on a map.
Funder states come from each funder’s own filing. $295 arriving through sponsors registered in 1 state 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
Innovation Arts Academy Inc has grown faster than half of the 11,634 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025
Organizations like Innovation Arts Academy 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 Kentucky
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
71% of spending goes to programs.
Governance
Public support
100%
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 Innovation Arts Academy 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 Innovation Arts Academy Inc?
- Innovation Arts Academy Inc (Kentucky) receives grants from 1 organization whose IRS filings report $295 to it, the largest being AMAZONSMILE FOUNDATION ($295). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does Innovation Arts Academy Inc have?
- IRS filings report 1 organization giving $295 in grants to Innovation Arts Academy Inc, 1 of which have funded it in more than one year.
- Who is the largest funder of Innovation Arts Academy Inc?
- AMAZONSMILE FOUNDATION is the largest funder on record, with $295 in grants. The full list of funders is on this page.
- How can an organization like Innovation Arts Academy Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. 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 Innovation Arts Academy →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 1 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 14, 2026. What this page cannot tell you · view filing