Continuo Arts Foundation Inc

Analysis

Continuo Arts Foundation Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in September 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 December 2023, Continuo Arts Foundation Inc reported income of $286k and spending of $281k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $250k to $286k (+15%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Continuo Arts Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Alabama Constitution Village Foundation ($286k), Creative Minds Mt Inc ($286k) and Center for Architecture and Design ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $62k (22% of expenses). Other salaries and wages came to $5,800. At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 2 employees.