Stonington Village Improvement Association Incorporated

Analysis

Stonington Village Improvement Association Incorporated is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in August 1953, 73 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Stonington Village Improvement Association Incorporated reported income of $353k and spending of $273k, leaving 23% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $221k to $353k (+60%), an average of +17% a year. The sharpest change came in the year to March 2021, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Stonington Village Improvement Association Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Collier County Honor Flight Inc ($353k), Leadership Tyler Inc ($354k) and American Academy of Advertising ($353k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 27% and program service revenue 58% of the total. Other salaries and wages came to $20k. At year end it held assets of $1.0m against liabilities of $10k, net assets of $1000k. It reported 2 employees.