Compass Arts Creativity Project Inc

Analysis

Compass Arts Creativity Project Inc is a registered charity in United States, based in Beacon, NY. It received its IRS tax-exemption ruling in October 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Compass Arts Creativity Project Inc reported income of $236k and spending of $250k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $304k to $236k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. 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, Compass Arts Creativity Project Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Juneteenth Ri ($236k), Friends of the Ocean City Pops Inc ($236k) and Andean Textile Arts Inc ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $51k (20% of expenses). Other salaries and wages came to $83k. At year end it held assets of $91k against liabilities of $1,155, net assets of $90k. It reported 10 employees.