New Britain Institute

Analysis

New Britain Institute is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in March 1943, 83 years ago. 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 2023, New Britain Institute reported income of $4.7m and spending of $3.7m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.7m (+16%), an average of +3.9% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Britain Institute sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Young Mens Christian Association of Kokomo Inc ($4.7m), Palm Beach Gardens Youth Athletic Association ($4.7m) and College Properties of Lorain County Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $208k (5.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $8.3m against liabilities of $365k, net assets of $7.9m. It reported 71 employees.