After School Arts Program Inc

Analysis

After School Arts Program Inc is a registered charity in United States, based in Washington DT, CT. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, After School Arts Program Inc reported income of $624k and spending of $709k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $476k to $624k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, After School Arts Program Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Standards Coordinating Body for Gene Cell and Regenerative Medicin ($624k), Ballet Vero Beach Inc ($624k) and Carbondale Community Arts Incorporated ($623k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $112k (16% of expenses). Other salaries and wages came to $340k. At year end it held assets of $367k against liabilities of $66k, net assets of $301k. It reported 27 employees.