Arts Center at Killingworth Inc

Analysis

Arts Center at Killingworth Inc is a registered charity in United States, based in Killingworth, CT. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Arts Center at Killingworth Inc reported income of $143k and spending of $156k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $118k to $143k (+21%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Center at Killingworth Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include Project Merz Inc ($142k), Cleveland Engineering Society ($143k) and Ballet Theatre of Scranton ($142k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $9,923 (6.4% of expenses). At year end it held assets of $35k against liabilities of $63k, net assets of -$28k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.