Norwalk Acts Inc

Analysis

Norwalk Acts Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Norwalk Acts Inc reported income of $1.6m and spending of $1.4m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $561k to $1.6m (+183%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Norwalk Acts Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Upper Midwest Film Office ($1.6m), Alchemia ($1.6m) and Community Health and Education Foundation ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $183k (13% of expenses). Other salaries and wages came to $668k. At year end it held assets of $1.1m against liabilities of $40k, net assets of $1.0m. It reported 20 employees.