Turnover Shop of Wilton Inc

Analysis

Turnover Shop of Wilton Inc is a registered charity in United States, based in Wilton, CT. It received its IRS tax-exemption ruling in January 1992, 34 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 (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, Turnover Shop of Wilton Inc reported income of $486k and spending of $533k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $351k to $486k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Turnover Shop of Wilton Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Community Health and Empowerment Through Education and Research Inc ($485k), Thrive Alliance ($486k) and Operating Engineers Local 953 Journeyman & Apprentice TNG TR FND ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Other salaries and wages came to $20k. At year end it held assets of $257k against liabilities of $0, net assets of $257k. It reported 1 employees.