Amistad Center for Art & Culture Inc

Analysis

Amistad Center for Art & Culture Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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, Amistad Center for Art & Culture Inc reported income of $549k and spending of $543k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $323k to $549k (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 104%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amistad Center for Art & Culture Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Wisconsin Council of Religious and Independent Schools Inc ($549k), Hope Compassionate Healthcare ($549k) and Hastings Cooperative Nursery School ($549k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $97k (18% of expenses). Other salaries and wages came to $75k. It paid $1,275 in professional fundraising fees. At year end it held assets of $926k against liabilities of $129k, net assets of $796k. It reported 3 employees.