Silvermine Guild of Artists Inc

Analysis

Silvermine Guild of Artists Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in December 1948, 78 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Silvermine Guild of Artists Inc reported income of $2.3m and spending of $2.3m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $2.3m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silvermine Guild of Artists Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include From the Top Inc ($2.3m), Grand Performances ($2.3m) and Southewst Folklife Alliance Inc ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 73% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $2.8m against liabilities of $903k, net assets of $1.9m. It reported 30 employees.