Litchfield Performing Arts Inc

Analysis

Litchfield Performing Arts Inc is a registered charity in United States, based in Goshen, CT. It received its IRS tax-exemption ruling in August 1989, 37 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 September 2023, Litchfield Performing Arts Inc reported income of $752k and spending of $794k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $655k to $752k (+15%), an average of +3.5% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Litchfield Performing Arts Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Delaware Arts Alliance Inc ($752k), International Society of Bassists ($752k) and Military Heritage Museum Inc ($752k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $70k (8.8% of expenses). At year end it held assets of $231k against liabilities of $179k, net assets of $51k. It reported 3 employees.