Friends of the Constellation Brands Marvin Sands Performing Arts Ctr

Analysis

Friends of the Constellation Brands Marvin Sands Performing Arts Ctr is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of the Constellation Brands Marvin Sands Performing Arts Ctr reported income of $9.9m and spending of $9.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.7m to $9.9m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income rose by 374%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Constellation Brands Marvin Sands Performing Arts Ctr sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Aspire Charter Academy Inc ($9.9m), Casa Gracia ($9.9m) and Universal Alcorn Charter School Inc ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $80k (0.8% of expenses). Other salaries and wages came to $460k. At year end it held assets of $16.1m against liabilities of $924k, net assets of $15.2m. It reported 94 employees.