Connecticut Antique Machinery Association Inc

Analysis

Connecticut Antique Machinery Association Inc is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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 March 2024, Connecticut Antique Machinery Association Inc reported income of $150k and spending of $188k, spending 125% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $211k to $150k (-29%), an average of -8.1% a year. The sharpest change came in the year to March 2022, when income rose by 533%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Antique Machinery Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Association for Community Living ($150k), Little League Baseball Inc ($150k) and Cape Coral Historical Society Inc ($150k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 29% and program service revenue 35% of the total. Other salaries and wages came to $17k. At year end it held assets of $1.5m against liabilities of $6,784, net assets of $1.5m. It reported 2 employees.