Nutmeg Conservatory for the Arts

Analysis

Nutmeg Conservatory for the Arts is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in February 1975, 51 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, Nutmeg Conservatory for the Arts reported income of $2.4m and spending of $2.2m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.3m to $2.4m (+4.1%), an average of +0.8% a year. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nutmeg Conservatory for the Arts sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include San Antonio Philharmonic ($2.4m), Armenian Educational Foundation Inc ($2.4m) and Note-Able Music Therapy Services ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.8% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $211k (9.5% of expenses). Other salaries and wages came to $492k. At year end it held assets of $11.3m against liabilities of $684k, net assets of $10.6m. It reported 35 employees.