Northwest Connecticut Arts Council Inc

Analysis

Northwest Connecticut Arts Council Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in June 2004, 22 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 December 2023, Northwest Connecticut Arts Council Inc reported income of $258k and spending of $246k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $232k to $258k (+11%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northwest Connecticut Arts Council Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include Arte Inc ($258k), International Rhythmic Gymnastics and Ballet ($258k) and Artists in Motion Bay Area ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $55k (22% of expenses). Other salaries and wages came to $53k. At year end it held assets of $224k against liabilities of $22k, net assets of $202k. It reported 3 employees.