The Art Connection in Rhode Island

Analysis

The Art Connection in Rhode Island is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in July 2014, 12 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, The Art Connection in Rhode Island reported income of $63k and spending of $80k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $63k (-9.1%), an average of -9.1% a year. Over the whole period it spent 130% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Art Connection in Rhode Island sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within RI. Charities of a similar size with the same main cause include A Sketch of New York Productions Inc ($63k), Des Moines Community Radio Foundation ($63k) and Oklahoma Higher Education Heritage Society ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $5,185, net assets of $33k.