Stonington Historical Society

Analysis

Stonington Historical Society is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in March 1943, 83 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, Stonington Historical Society reported income of $702k and spending of $686k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $702k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stonington Historical Society sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Roots Music Project Foundation ($701k), Children First Foundation ($702k) and Alf Engen Ski Museum Foundation ($701k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $79k (11% of expenses). Other salaries and wages came to $214k. At year end it held assets of $4.3m against liabilities of $30k, net assets of $4.3m. It reported 17 employees.