Connecticut Storytelling Center Inc

Analysis

Connecticut Storytelling Center Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in November 1997, 29 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 June 2024, Connecticut Storytelling Center Inc reported income of $272k and spending of $288k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $162k to $272k (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Storytelling Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include High Plains Heritage Society ($272k), Quad City Symphony TR ($272k) and Manhattan Graphics Center Inc ($272k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 51% of the total. Other salaries and wages came to $68k. At year end it held assets of $109k against liabilities of $141k, net assets of -$32k. It reported 3 employees.

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.