Garde Arts Center Inc

Analysis

Garde Arts Center Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in September 1986, 40 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 July 2023, Garde Arts Center Inc reported income of $2.8m and spending of $3.0m, spending 107% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.4m to $2.8m (+18%), an average of +4.2% a year. The sharpest change came in the year to July 2022, when income rose by 81%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garde Arts Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include American Evaluation Association ($2.8m), Florida Humanities Council Inc ($2.8m) and Alaska Humanities Forum ($2.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $158k (5.2% of expenses). Other salaries and wages came to $694k. At year end it held assets of $9.8m against liabilities of $3.1m, net assets of $6.8m. It reported 80 employees.