Act of Connecticut Inc

Analysis

Act of Connecticut Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in August 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 July 2023, Act of Connecticut Inc reported income of $2.7m and spending of $3.0m, spending 109% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.0m to $2.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to July 2022, when income rose by 94%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Act of Connecticut Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Circuit Playhouse Inc ($2.7m), Gay City Health Project ($2.7m) and Vermont Historical Society ($2.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 57% and program service revenue 34% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $3.3m against liabilities of $667k, net assets of $2.6m. It reported 106 employees.