Cantus Novus

Analysis

Cantus Novus is a registered charity in United States, based in Newtown, PA. It received its IRS tax-exemption ruling in June 2004, 22 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 2024, Cantus Novus reported income of $56k and spending of $72k, spending 128% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $74k to $56k (-24%), an average of -24% a year. The sharpest change came in the year to June 2024, when income dropped by 24%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cantus Novus sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Prometheus Radio Project ($56k), South County Concert Association Inc ($56k) and Flux Theatre Ensemble Inc ($56k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 48% of the total. At year end it held assets of $68k against liabilities of $73k, net assets of -$5,812.