Classically Connected Inc

Analysis

Classically Connected Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1974, 52 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 June 2023, Classically Connected Inc reported income of $520k and spending of $168k, leaving 68% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $520k (-54%), an average of -23% a year. The sharpest change came in the year to June 2022, when income rose by 327%. 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, Classically Connected Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Justice Dance Performance Project Inc ($520k), New Hampshire Music Festival Inc ($520k) and Arts for Life ($520k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $791k against liabilities of $87k, net assets of $703k. It reported 11 employees.