Arts Council of Princeton

Analysis

Arts Council of Princeton is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in September 1968, 58 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, Arts Council of Princeton reported income of $1.8m and spending of $1.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.8m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council of Princeton sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Copper Canyon Press ($1.8m), Bob Mizer Foundation ($1.8m) and Piedmont Choirs ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $152k (8.4% of expenses). Other salaries and wages came to $646k. At year end it held assets of $6.6m against liabilities of $702k, net assets of $5.9m. It reported 27 employees.