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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 31-0537138

Cincinnati Institute of Fine Arts

CINCINNATI, OHNTEE: A120Founded 1927Website

mission statement

With funding, services, and advocacy, ArtsWave fuels a more vibrant economy and connected community through the arts.

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Total Revenue

$14.9M

FY 2023

Program Spending

78.2%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$137.7M

Total Assets

$77.7M net

63.07 mo

Operating Reserves

FY 2023

+21%

Revenue Growth

YoY

Total Employees

FY 2023

Funding Track Record

Backed by 49 Institutional Funders

$16.6M raised across 165 grants (2019–2024 filings)

Funder Geography

Funders across 16 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
The Greater Cincinnati Foundation	CINCINNATI, OH	$8,125,383
Charities Aid Foundation America	ALEXANDRIA, VA	$2,080,288
Fidelity Investments Charitable Gift Fund	BOSTON, MA	$924,817
Bon Secours Mercy Health Foundation	Cincinnati, OH	$768,425
Donor Advised Charitable Giving Inc	SAN FRANCISCO, CA	$630,151
The Frances R Luther Charitable Trust	CINCINNATI, OH	$500,000
Fidelity Foundation	BOSTON, MA	$500,000
Ge Foundation	NORWALK, CT	$397,449
Daniel and Susan Pfau Charitable Foundation	PITTSBURGH, PA	$300,000
St Elizabeth Medical Center Inc	Edgewood, KY	$205,800

Total tracked: $16,550,491 across 165 grants (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$10.3M in expenses

Grantmaking: Management of annual community campaign for the arts to provide the resources used to make distributions of financial grants to organizations throughout the Greater Cincinnati Region. These grants help them create a vital arts scene and all the communitywide benefits that come with it, including economic vitality and a greater sense of connectedness for the people of the region. Distributions support a wide variety of arts and culture groups that reflect and benefit the community in all its diversity.

$1.1M in expenses

Marketing the Impact of the Arts: Organization of several days of free samplings of visual and performing arts at multiple venues across the Regional Community. Organization of Community engagement events that connect people through the arts. Development and execution of marketing and public relations strategy that builds broad support for the arts by focusing on the community impact of arts organizations.

$175K in expenses

Measuring Impact: Collection of data which measures the impact of the arts as local arts organizations create economic vitality, vibrant neighborhoods and a more connected community.

Financial History