Groton Open Space Association Inc

Analysis

Groton Open Space Association Inc is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Groton Open Space Association Inc reported income of $257k and spending of $29k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $257k (+78%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 887%. Over the whole period it spent 18% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Groton Open Space Association Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include Murrysville Area Watershed Association ($257k), Keep Alabama Beautiful Inc ($257k) and Kids Protectors of the Environment ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $6.8m against liabilities of $0, net assets of $6.8m.