New Canaan Historical Society

Analysis

New Canaan Historical Society is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Canaan Historical Society reported income of $1.1m and spending of $611k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $658k to $1.1m (+68%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 433%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Canaan Historical Society sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Natl Society of the Colonial Dames of America ($1.1m), Center for Kashmir Inc ($1.1m) and Dayspring School of the Arts ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 1.2% of the total. Other salaries and wages came to $270k. At year end it held assets of $4.9m against liabilities of $51k, net assets of $4.9m.