The Katharine Hepburn Cultural Arts Center Inc

Analysis

The Katharine Hepburn Cultural Arts Center Inc is a registered charity in United States, based in Old Saybrook, CT. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Katharine Hepburn Cultural Arts Center Inc reported income of $4.3m and spending of $4.1m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.3m to $4.3m (+86%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 279%. Over the whole period it spent 87% 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 Katharine Hepburn Cultural Arts Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Liveconnections Org ($4.3m), Center for African American Military History Inc ($4.3m) and Diller-Quaile School of Music Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $153k (3.7% of expenses). Other salaries and wages came to $863k. At year end it held assets of $4.7m against liabilities of $1.0m, net assets of $3.6m. It reported 54 employees.