Arts & Crafts Association of Meriden Inc

Analysis

Arts & Crafts Association of Meriden Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in August 2023, 3 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, Arts & Crafts Association of Meriden Inc reported income of $107k and spending of $92k, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $53k to $107k (+102%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 138%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts & Crafts Association of Meriden Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within CT. Charities of a similar size with the same main cause include Russian River Sisters Perpetual Indulgence Inc ($107k), Main Street Latin Festival ($107k) and Carriage Trade Gallery Corporation ($107k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $28k (31% of expenses). At year end it held assets of $330k against liabilities of $1,297, net assets of $329k. It reported 1 employees.