Talcott Mountain Science Center for Student Involvement Inc

Analysis

Talcott Mountain Science Center for Student Involvement Inc is a registered charity in United States, based in Avon, CT. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover science and technology, 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 August 2023, Talcott Mountain Science Center for Student Involvement Inc reported income of $2.2m and spending of $2.3m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $2.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2021, when income rose by 33%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Talcott Mountain Science Center for Student Involvement Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Home for Contemporary Theatre and Art Ltd ($2.2m), Lions Automobilia Foundation ($2.2m) and Preservation Trust of Vermont Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 32% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $130k (5.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.3m against liabilities of $1.7m, net assets of $5.6m. It reported 67 employees.