Illinois · Nonprofit
PALETTE AND CHISEL ACADEMY OF FINE ARTS
PALETTE AND CHISEL ACADEMY OF FINE ARTS (Illinois) receives grants from 7 organizations whose IRS filings report $132,250 to it, the largest being NCRC COMMUNITY DEVELOPMENT FUND INC ($65,000). 1 of them have funded it in more than one year.
- Revenue FY2024
- $1.7M
- Funders on record
- 7
- Grants received
- $132k
- Net assets
- $5.1M
What Palette and Chisel Academy of Fine Arts does
Mission
The mission of the palette & chisel academy of fine arts is to foster growth in the visual arts, provide a place for serious artists to work, and enrich the community with programs of practical art education, art appreciation and exhibitions.
As stated on its FY2024 Form 990.
Program
To provide art instruction and studio space through classroom instruction, workshops and exhibitions.
$562,090 spentof which $557 as grants$540,318 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $562,090.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $3.6M to $4.1M (+14%).
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: 2022 0% · 2023 5% · 2024 1%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 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
2021 → 2023: the base held at 2 funders, grant income rose $27k → $65k.
4 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 39% 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 PALETTE AND CHISEL ACADEMY OF FINE ARTS’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.
How concentrated its funding is
PALETTE AND CHISEL ACADEMY OF FINE ARTS leans on a few funders — its largest provides 49% of grant income and the top three 81%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
88% 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 PALETTE AND CHISEL ACADEMY OF FINE ARTS.
Largest funder’s share by year: 2021 99% · 2022 98% · 2023 100% — broadly stable.
“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.
Where its funders are
PALETTE AND CHISEL ACADEMY OF FINE ARTS draws 80% of its grant income from funders outside Illinois, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $51k arriving through sponsors registered in 4 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.
Organizations like PALETTE AND CHISEL ACADEMY OF FINE ARTS
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 Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
70% of spending goes to programs.
Governance
Public support
70%
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 PALETTE AND CHISEL ACADEMY OF FINE ARTS: 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 PALETTE AND CHISEL ACADEMY OF FINE ARTS?
- PALETTE AND CHISEL ACADEMY OF FINE ARTS (Illinois) receives grants from 7 organizations whose IRS filings report $132,250 to it, the largest being NCRC COMMUNITY DEVELOPMENT FUND INC ($65,000). 1 of them have funded it in more than one year.
- How many funders does PALETTE AND CHISEL ACADEMY OF FINE ARTS have?
- IRS filings report 7 organizations giving $132,250 in grants to PALETTE AND CHISEL ACADEMY OF FINE ARTS, 1 of which have funded it in more than one year.
- Who is the largest funder of PALETTE AND CHISEL ACADEMY OF FINE ARTS?
- NCRC COMMUNITY DEVELOPMENT FUND INC is the largest funder on record, with $65,000 in grants. The full list of funders is on this page.
- How can an organization like PALETTE AND CHISEL ACADEMY OF FINE ARTS find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. 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 Palette and Chisel Academy of Fine Arts →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 7 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