Quinebaug Valley Engineers Association Edge & Ta Branch 5 Inc

Analysis

Quinebaug Valley Engineers Association Edge & Ta Branch 5 Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in May 2001, 25 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 December 2023, Quinebaug Valley Engineers Association Edge & Ta Branch 5 Inc reported income of $243k and spending of $109k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $243k (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 171%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quinebaug Valley Engineers Association Edge & Ta Branch 5 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 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Collingwood Arts Center Inc ($243k), Cherokee Events ($243k) and Christian Education Enterprises Incorporated ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. At year end it held assets of $2.5m against liabilities of $38k, net assets of $2.4m.