Crescendo Inc

Analysis

Crescendo Inc is a registered charity in United States, based in Lakeville, CT. It received its IRS tax-exemption ruling in June 2006, 20 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, Crescendo Inc reported income of $242k and spending of $216k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $176k to $242k (+37%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Crescendo Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Florida Orchestra-North Suncoast Associates ($242k), Maryland Deaf Community Center - Frederick - Inc ($242k) and Rosfest Inc ($242k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $30k (14% of expenses). At year end it held assets of $209k against liabilities of $1,055, net assets of $208k.