Theatre of Northeastern Connecticut Inc

Analysis

Theatre of Northeastern Connecticut Inc is a registered charity in United States, based in Putnam, CT. It received its IRS tax-exemption ruling in November 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, Theatre of Northeastern Connecticut Inc reported income of $499k and spending of $440k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $403k to $499k (+24%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre of Northeastern Connecticut Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Tallgrass Film Association ($499k), Bartow-Pell Landmark Fund ($499k) and 34 West Productions ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Other salaries and wages came to $72k. At year end it held assets of $337k against liabilities of $35k, net assets of $302k.