Farmington Valley Arts Center Inc

Analysis

Farmington Valley Arts Center Inc is a registered charity in United States, based in Avon, CT. It received its IRS tax-exemption ruling in March 1975, 51 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 September 2023, Farmington Valley Arts Center Inc reported income of $600k and spending of $519k, spending 87% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $313k to $600k (+92%), an average of +24% a year. The sharpest change came in the year to September 2021, when income rose by 66%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Farmington Valley Arts Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Branford Electric Railway Assoc Inc ($600k), Multimedia Resources and Training Institute ($600k) and Shenandoah Valley Music Festival ($600k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $501k against liabilities of $365k, net assets of $136k.