Cygnus Creative Arts Centre Inc

Analysis

Cygnus Creative Arts Centre Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in February 1994, 32 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 2023, Cygnus Creative Arts Centre Inc reported income of $164k and spending of $188k, spending 114% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $146k to $164k (+12%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cygnus Creative Arts Centre Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Delta Symphony Orchestra ($164k), Old Courthouse Theatre Inc ($164k) and Rehearsal Club ($164k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Other salaries and wages came to $42k. At year end it held assets of $83k against liabilities of $0, net assets of $83k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.