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Pennsylvania Academy of the Fine Arts

Philadelphia, PA · EIN 23-1352256 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Pennsylvania Academy of the Fine Arts reported $17.8 million in revenue and $16.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $70.74 went to program services, $23.56 to management and general costs and $5.70 to fundraising. Its largest source of revenue was contributions and grants: 54.5% of the total. Government grants made up 10.8%. The highest compensation it reported for one person was $479,971 (PRESIDENT & CEO). 6 people received more than $100,000 in reportable compensation. Revenue fell 20% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $16M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $18M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
70.7%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
23.6%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
5.7%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.09$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
54.5%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
10.8%1.1%
Program service revenue share
Part VIII 2g ÷ 12
18.4%69.9%
Highest reported compensation
Part VII-A, columns D–F
$479,971$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.97%1.28%
People paid over $100,000
Part VII, line 2
68
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
70.413.3
Independent voting board members
Part VI 1a–1b
39 of 40100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$8.4M expenses · 73.3% of program spending · grants $1.1M · revenue $1.8M

Pafa's post-secondary Fine Arts program offers programs in painting, print-making, sculpting and drawing. The school grants a four year certificate, a bachelor of Fine Arts degree, and a master of Fine Arts degree

$1.9M expenses · 16.9% of program spending · revenue $829K

Pafa operates a gallery that displays great works of american art. It is the oldest such gallery in the U.S. And its principal building is a historical structure. The school also hosts several special exhibitions each year

$1.1M expenses · 9.8% of program spending · revenue $741K

Public education team sponsors fine art classes for all ages both on and off-site

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO
Director/trustee, officer, 40.00 hrs/week
$424,382$0$55,589$479,971
CHIEF ADMINISTRATIVE OFFIC
Key employee, 40.00 hrs/week
$293,739$0$36,946$330,685
CHIEF DEVELOPMENT OFFICER
Highest compensated employee, 40.00 hrs/week
$152,163$0$20,185$172,348
FACULTY
Highest compensated employee, 40.00 hrs/week
$112,585$0$15,389$127,974
FACULTY
Highest compensated employee, 40.00 hrs/week
$107,116$0$10,497$117,613
FACULTY
Highest compensated employee, 40.00 hrs/week
$103,630$0$11,817$115,447

6 people received more than $100,000 in reportable compensation from Pennsylvania Academy of the Fine Arts (Part VII, line 2). Compensation of current officers, directors and key employees totaled $736K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$18M$16M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$18M$16M70.7%$95M$479,971
FY2024 ⓘ$18M$21M77.1%$91M$416,843
FY2023 ⓘ$17M$22M80.8%$91M$373,977
FY2022 ⓘ$21M$21M82.4%$91M$229,650
FY2021 ⓘ$20M$21M80.6%$104M$436,212
FY2020 ⓘ$22M$24M83.9%$90M$385,317

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b40 · 39 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5234
  • Volunteers Part I, line 639

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
C ERICKSON AND SONS INC
Construction
$4,070,799
ALLIED UNIVERSAL SECURITY SERVICE
Security
$775,290
RADAR NONPROFIT SOLUTIONS
Accounting services
$431,552
COMMUNITY COUNSELLING SERVICES
Consulting
$270,076

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Private foundation grants it received

38 private foundations reported grants to Pennsylvania Academy of the Fine Arts totaling $946K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Pennsylvania Academy of the Fine Arts's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Pennsylvania Academy of the Fine Arts, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Pennsylvania

Questions people ask

How much of Pennsylvania Academy of the Fine Arts's spending goes to programs?

In the fiscal year ending June 30, 2025, Pennsylvania Academy of the Fine Arts reported that 70.7% of its $16.1 million in expenses went to program services, 23.6% to management and general and 5.7% to fundraising (Form 990, Part IX).

How much does Pennsylvania Academy of the Fine Arts pay its top executive?

The largest total compensation Pennsylvania Academy of the Fine Arts reported for one person in the fiscal year ending June 30, 2025 was $479,971, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Pennsylvania Academy of the Fine Arts get its money?

Of $17.8 million in revenue in the fiscal year ending June 30, 2025, 54.5% came from contributions and grants (including 10.8% from government grants) and 18.4% from program service revenue (Form 990, Part VIII).

Is Pennsylvania Academy of the Fine Arts a registered charity?

The IRS lists EIN 23-1352256 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202620849349301717 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202433449349300718 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441349349305879 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311289349303231 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349306868 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101379349304775 · read the filing

All filings for EIN 23-1352256: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.