Connecticut Players Foundation Inc

Analysis

Connecticut Players Foundation Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in March 1965, 61 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 Players Foundation Inc reported income of $3.5m and spending of $3.8m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.9m to $3.5m (-41%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 48%. Over the whole period it spent 108% 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 Players Foundation Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Threewalls ($3.5m), Long Beach Symphony Association ($3.5m) and Performing Arts Foundation Inc ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $411k (11% of expenses). Other salaries and wages came to $2.0m. It paid $60k in professional fundraising fees. At year end it held assets of $10.8m against liabilities of $512k, net assets of $10.2m. It reported 73 employees.