Heritage Preservation Trust of Newtown Inc

Analysis

Heritage Preservation Trust of Newtown Inc is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in July 1989, 37 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, Heritage Preservation Trust of Newtown Inc reported income of $116k and spending of $81k, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $32k to $116k (+263%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 198%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Preservation Trust of Newtown Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Appalachian South Folklife Center Inc ($116k), Louisiana State Cotton Museum Foundation Inc ($116k) and West Indian Foundation Inc ($115k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 30% of the total. At year end it held assets of $1.8m against liabilities of $200, net assets of $1.8m.