Circuit Arts Inc

Analysis

Circuit Arts Inc is a registered charity in United States, based in West Tisbury, MA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Circuit Arts Inc reported income of $1.4m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $950k to $1.4m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Circuit Arts Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Catapult Film Fund ($1.4m), Michigan School Band & Orchestra Association Inc ($1.4m) and Upstate Films Limited ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Other salaries and wages came to $737k. At year end it held assets of $297k against liabilities of $9,556, net assets of $288k. It reported 30 employees.