Tovrea Carraro Society

Analysis

Tovrea Carraro Society is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2011, 15 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, Tovrea Carraro Society reported income of $274k and spending of $114k, leaving 59% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $393k to $274k (-30%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tovrea Carraro Society sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within AZ. Charities of a similar size with the same main cause include Craven Arts Council and Gallery Inc ($274k), Legacy Theater Foundation Inc ($274k) and Denniston Hill Corp ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $593k against liabilities of $0, net assets of $593k.