New Haven International Festival of Arts & Ideas Inc

Analysis

New Haven International Festival of Arts & Ideas Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in April 1996, 30 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 September 2023, New Haven International Festival of Arts & Ideas Inc reported income of $2.9m and spending of $3.8m, spending 131% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $2.9m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to September 2022, when income rose by 50%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Haven International Festival of Arts & Ideas 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 Equity Research Organization ($2.9m), National Society of the Sons of the American Revolution ($2.9m) and Northwest Communities Education Center ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $169k (4.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.4m against liabilities of $1.5m, net assets of $865k. It reported 170 employees.