New Canaan Society for the Arts Inc

Analysis

New Canaan Society for the Arts Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in September 1977, 49 years ago. 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 July 2023, New Canaan Society for the Arts Inc reported income of $392k and spending of $289k, leaving 26% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $163k to $392k (+140%), an average of +140% a year. The sharpest change came in the year to July 2023, when income rose by 140%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Canaan Society for the Arts Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include National Center for Access to Justice Inc ($392k), Duncannon Fire Company No 1 ($392k) and Edgar W Freeman Charitable Trust 17174 W-555 First Natl Bank BLDG ($392k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 38% and program service revenue 56% of the total. Other salaries and wages came to $120k. At year end it held assets of $417k against liabilities of $85k, net assets of $332k. It reported 3 employees.