Bantam Cinema & Arts Center Inc

Analysis

Bantam Cinema & Arts Center Inc is a registered charity in United States, based in Litchfield, CT. It received its IRS tax-exemption ruling in January 2021, 5 years ago. 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, Bantam Cinema & Arts Center Inc reported income of $431k and spending of $370k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $384k to $431k (+12%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bantam Cinema & Arts Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Notre Dame High School of Batavia Educational Foundation Inc ($431k), Frank J Battaglia Signal 13 Foundation Inc ($431k) and 323 Houston Street Corporation ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 50% of the total. Other salaries and wages came to $59k. At year end it held assets of $682k against liabilities of $21k, net assets of $661k. It reported 13 employees.