Connecticut Trust for Historic Preservation

Analysis

Connecticut Trust for Historic Preservation is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in July 1976, 50 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 June 2023, Connecticut Trust for Historic Preservation reported income of $5.1m and spending of $5.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $5.1m (+381%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 403%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Trust for Historic Preservation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Jewish Food Society Inc ($5.1m), Springfield Little Theatre Inc ($5.1m) and The Wooden Floor for Youth Movement ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $106k (2.1% of expenses). Other salaries and wages came to $467k. At year end it held assets of $2.6m against liabilities of $216k, net assets of $2.4m. It reported 9 employees.