Charter Oak Performing Arts Inc

Analysis

Charter Oak Performing Arts Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in March 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, Charter Oak Performing Arts Inc reported income of $181k and spending of $95k, leaving 48% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $168k to $181k (+7.7%), an average of +7.7% a year. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charter Oak Performing Arts Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include Little League Baseball Inc ($181k), Northwoods Village Inc ($181k) and LA Playa Nursery School Inc ($181k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 43% of the total. At year end it held assets of $259k against liabilities of $0, net assets of $259k.