Art League of New Britain

Analysis

Art League of New Britain is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in May 1944, 82 years ago. 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 February 2024, Art League of New Britain reported income of $57k and spending of $68k, spending 119% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income fell from $87k to $57k (-34%), an average of -9.9% a year. The sharpest change came in the year to February 2023, when income rose by 79%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art League of New Britain sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within CT. Charities of a similar size with the same main cause include Germantown Historical Society Inc ($57k), PTA North Carolina Congress ($57k) and Korean American Association of San Diego ($57k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 59% and program service revenue 39% of the total. At year end it held assets of $537k against liabilities of $0, net assets of $537k.