Colt Trust Inc

Analysis

Colt Trust Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in February 1997, 29 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Colt Trust Inc reported income of $125k and spending of $134k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $89k to $125k (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 133% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colt Trust Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include Freeland Athletic Association ($125k), Oakdale High School Sports Boosters ($125k) and Village Acquisition 17317 Roscoe Blvd Northridge ($125k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.