Greenwich Art Society Inc

Analysis

Greenwich Art Society Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in March 1961, 65 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 August 2022, Greenwich Art Society Inc reported income of $260k and spending of $244k, spending 94% of its income. Across the 4 years on record, from August 2019 to August 2022, income fell from $311k to $260k (-17%), an average of -5.8% a year. The sharpest change came in the year to August 2020, when income dropped by 37%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenwich Art Society 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 Women Helping Women Fund Tri-Cities ($260k), Psalm 91 Ministries LLC ($260k) and Columbus Museum ($260k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $53k (22% of expenses). Other salaries and wages came to $56k. At year end it held assets of $191k against liabilities of $2,740, net assets of $188k. It reported 5 employees.