Guilford Performing Arts Festival

Analysis

Guilford Performing Arts Festival is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in July 2018, 8 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, Guilford Performing Arts Festival reported income of $118k and spending of $114k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $21k to $118k (+459%), an average of +458% a year. The sharpest change came in the year to December 2023, when income rose by 459%. 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, Guilford Performing Arts Festival sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Fairfax Spotlight on the Arts Inc ($118k), Musical Theatre Guild ($118k) and Yuma Orchestra Association ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.