Historical Society of Glastonbury Incorporated

Analysis

Historical Society of Glastonbury Incorporated is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in June 1956, 70 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 December 2023, Historical Society of Glastonbury Incorporated reported income of $344k and spending of $190k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $344k (+197%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Society of Glastonbury Incorporated sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Jambalaya Capital of the World- Gonzales Louisiana Inc ($343k), Leela Institute ($344k) and Matthew Corozine Studio Theatre Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 52% of the total. Other salaries and wages came to $109k. At year end it held assets of $1.1m against liabilities of $6,922, net assets of $1.1m. It reported 5 employees.