Connecticut Association for the Performing Arts

Analysis

Connecticut Association for the Performing Arts is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Connecticut Association for the Performing Arts reported income of $7.7m and spending of $7.9m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.0m to $7.7m (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 682%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Association for the Performing Arts sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Telfair Museum of Art Inc ($7.7m), Women in Film ($7.7m) and Indiana Historical Society ($7.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $169k (2.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $18.0m against liabilities of $1.4m, net assets of $16.6m. It reported 238 employees.