Greenwich Arts Council Inc

Analysis

Greenwich Arts Council Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in October 1973, 53 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 2024, Greenwich Arts Council Inc reported income of $323k and spending of $392k, spending 122% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $240k to $323k (+34%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenwich Arts Council 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 63rd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include Trailhead Childrens Museum ($322k), Rhythm Revue Dance Company ($323k) and WCR Center for the Arts Inc ($322k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 6.0% of the total. Other salaries and wages came to $163k. At year end it held assets of $593k against liabilities of $14k, net assets of $579k. It reported 4 employees.