The Arts Connection Inc

Analysis

The Arts Connection Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1980, 46 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The Arts Connection Inc reported income of $5.2m and spending of $5.1m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $6.8m to $5.2m (-24%), an average of -6.5% a year. The sharpest change came in the year to August 2020, when income dropped by 29%. Over the whole period it spent 89% 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 Arts Connection Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include National Coast Guard Museum Association Inc ($5.2m), Lobero Theatre Foundation ($5.2m) and Shunpike ($5.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $185k (3.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $1.8m against liabilities of $272k, net assets of $1.5m. It reported 152 employees.