Friends of the Levitt Pavilion Inc

Analysis

Friends of the Levitt Pavilion Inc is a registered charity in United States, based in Westport, 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, Friends of the Levitt Pavilion Inc reported income of $1.3m and spending of $1.5m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $482k to $1.3m (+164%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Levitt Pavilion Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Pilgrim Senior Citizens Housing Development Corporation ($1.3m), Hope and a Home-Inc ($1.3m) and Metropolitan Housing Development Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $115k (7.6% of expenses). Other salaries and wages came to $36k. At year end it held assets of $1.1m against liabilities of $133k, net assets of $920k. It reported 2 employees.