Caroga Arts Collective Inc

Analysis

Caroga Arts Collective Inc is a registered charity in United States, based in Caroga Lake, NY. It received its IRS tax-exemption ruling in July 2016, 10 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 September 2023, Caroga Arts Collective Inc reported income of $966k and spending of $828k, spending 86% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $428k to $966k (+126%), an average of +31% a year. The sharpest change came in the year to September 2022, when income rose by 181%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Caroga Arts Collective Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Cuban Museum Inc ($966k), Pittsburgh Urban Magnet Project ($966k) and Appalachian Theatre of the High Country ($966k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $119k (14% of expenses). Other salaries and wages came to $26k. At year end it held assets of $2.6m against liabilities of $252k, net assets of $2.3m. It reported 3 employees.