Tri-State Center for the Arts Inc

Analysis

Tri-State Center for the Arts Inc is a registered charity in United States, based in Sharon, CT. It received its IRS tax-exemption ruling in September 1991, 35 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 December 2023, Tri-State Center for the Arts Inc reported income of $150k and spending of $146k, spending 97% of its income. Across the 6 years on record, from October 2019 to December 2023, income fell from $891k to $150k (-83%), an average of -30% a year. The sharpest change came in the year to October 2021, when income rose by 327%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tri-State Center for the Arts Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Fusion Color Guard Inc ($150k), Sing Out Loud ($150k) and Teays Valley Choir Boosters ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 18% of the total. Other salaries and wages came to $64k. At year end it held assets of $2.4m against liabilities of $325k, net assets of $2.0m. It reported 60 employees.