The Guilford Art Center Inc

Analysis

The Guilford Art Center Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in September 1967, 59 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 2024, The Guilford Art Center Inc reported income of $1.2m and spending of $1.0m, spending 83% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $780k to $1.2m (+54%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 34%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Guilford Art Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Tournament of Bands Music Festival Inc ($1.2m), Sandwich Historical Society ($1.2m) and Kennedy Heights Art Center ($1.2m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 31% and program service revenue 66% of the total. Other salaries and wages came to $478k. At year end it held assets of $3.1m against liabilities of $204k, net assets of $2.9m. It reported 70 employees.