New Milford Historical Society

Analysis

New Milford Historical Society is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in January 1982, 44 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 September 2023, New Milford Historical Society reported income of $78k and spending of $71k, spending 92% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $61k to $78k (+27%), an average of +8.3% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Milford Historical Society sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within CT. Charities of a similar size with the same main cause include Firefighters Museum and Survive Alive Inc ($78k), Ozark American Legion Baseball Association ($78k) and SGC Relief Fund Inc ($78k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% of the total. Other salaries and wages came to $5,884. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.