Shoreline Arts Alliance Inc

Analysis

Shoreline Arts Alliance Inc is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in November 1980, 46 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 June 2024, Shoreline Arts Alliance Inc reported income of $297k and spending of $309k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $224k to $297k (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shoreline Arts Alliance Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Cobblestone Society ($297k), Tiel Sanford Memorial Fund ($297k) and Rock River Heritage Inc ($297k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $145k (47% of expenses). Other salaries and wages came to $16k. At year end it held assets of $390k against liabilities of $0, net assets of $390k.