Central Regional Tourism District Inc

Analysis

Central Regional Tourism District Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in March 1995, 31 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 June 2024, Central Regional Tourism District Inc reported income of $400k and spending of $400k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $374k to $400k (+6.9%), an average of +1.7% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Regional Tourism District Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Nawbo Institute for Entrepreneurial Development ($400k), Civic Education Fund ($400k) and Trend Community Development Corporation ($400k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $43k, net assets of $7,859.