Glastonbury Arts Inc

Analysis

Glastonbury Arts Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in November 1988, 38 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, Glastonbury Arts Inc reported income of $80k and spending of $83k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $80k (-12%), an average of -12% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Glastonbury Arts Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within CT. Charities of a similar size with the same main cause include Art Docents of Los Gatos Inc ($80k), Maya Cinemas Education Fund Inc ($80k) and Oklahoma Grocers Education Foundation ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 78% of the total. At year end it held assets of $208k against liabilities of $424, net assets of $207k.