Stamford Center for the Arts Inc

Analysis

Stamford Center for the Arts Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in December 1982, 44 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 2023, Stamford Center for the Arts Inc reported income of $6.6m and spending of $6.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $6.6m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stamford Center for the Arts Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Mid Atlantic Arts Inc ($6.6m), Coolidge Corner Theatre Foundation Inc ($6.6m) and Austin Symphony Orchestra Society ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $439k (7.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $19.1m against liabilities of $2.0m, net assets of $17.0m. It reported 149 employees.