Interdistrict School for Arts and Communication Inc

Analysis

Interdistrict School for Arts and Communication Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Interdistrict School for Arts and Communication Inc reported income of $6.2m and spending of $5.0m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.2m (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Interdistrict School for Arts and Communication Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Phoenix Electrical Joint Apprentice Phoenix Electrical Jatc ($6.2m), Legion Collegiate Academy ($6.2m) and Hillel School of Tampa Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $322k (6.4% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $9.6m against liabilities of $2.8m, net assets of $6.8m. It reported 78 employees.