Torrington Historical Society Incorporated

Analysis

Torrington Historical Society Incorporated is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in December 1951, 75 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Torrington Historical Society Incorporated reported income of $506k and spending of $454k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $525k to $506k (-3.7%), an average of -0.9% a year. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Torrington Historical Society Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Global Game Jam ($506k), Florida Orchestra Association ($506k) and The Hollywood Museum ($506k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $45k (9.9% of expenses). Other salaries and wages came to $178k. At year end it held assets of $5.7m against liabilities of $5,925, net assets of $5.7m. It reported 9 employees.