Vernon Community Arts Center Inc

Analysis

Vernon Community Arts Center Inc is a registered charity in United States, based in Vernon Rockvl, CT. It received its IRS tax-exemption ruling in December 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vernon Community Arts Center Inc reported income of $111k and spending of $125k, spending 112% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $98k to $111k (+14%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vernon Community Arts Center Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include Cultural Society of Armenians From Istanbul ($111k), The Blacksburg Master Chorale ($111k) and Resonance Collective ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 46% of the total. At year end it held assets of $30k against liabilities of $2,021, net assets of $28k.