Simsbury Performing Arts Center Inc

Analysis

Simsbury Performing Arts Center Inc is a registered charity in United States, based in Simsbury, CT. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Simsbury Performing Arts Center Inc reported income of $700k and spending of $707k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $633k to $700k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 227%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Simsbury Performing Arts Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Wegmans Family Foundation Inc ($699k), Cleveland Social Venture Partners ($700k) and East Central Indiana Eci Regional Planning District Inc ($698k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $97k (14% of expenses). Other salaries and wages came to $129k. At year end it held assets of $652k against liabilities of $275k, net assets of $378k. It reported 14 employees.