Foundation for the Arts and Trauma Inc

Analysis

Foundation for the Arts and Trauma Inc is a registered charity in United States, based in Oxford, CT. It received its IRS tax-exemption ruling in June 1976, 50 years ago. 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, Foundation for the Arts and Trauma Inc reported income of $640k and spending of $995k, spending 155% of what it took in. Across the 5 years on record, from March 2020 to December 2023, income fell from $1.4m to $640k (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for the Arts and Trauma Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Bath Brunswick ($640k), Wounded Warriors ($640k) and New Life Fellowship of Montana Inc Trails End Ranch ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.