Fermata Arts Foundation Inc

Analysis

Fermata Arts Foundation Inc is a registered charity in United States, based in Avon, CT. It received its IRS tax-exemption ruling in April 2010, 16 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, Fermata Arts Foundation Inc reported income of $66k and spending of $66k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $66k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fermata Arts Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within CT. Charities of a similar size with the same main cause include Vintage Band Music Festival ($66k), Panna Maria Historical Society ($66k) and Music Festival of Rosendale Inc ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $6,496 (9.9% of expenses). At year end it held assets of $950 against liabilities of $0, net assets of $950. It reported 2 employees.