Norwich Arts Center Inc

Analysis

Norwich Arts Center Inc is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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, Norwich Arts Center Inc reported income of $583k and spending of $124k, leaving 79% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $87k to $583k (+570%), an average of +46% a year. The sharpest change came in the year to June 2024, when income rose by 423%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norwich Arts Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Quality Care for Kids Inc ($583k), Lebanon Senior Housing Inc ($583k) and Universidad Cristiana Logos Inc ($583k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 6.0% of the total. At year end it held assets of $938k against liabilities of $92k, net assets of $846k.