Litchfield Historical Society

Analysis

Litchfield Historical Society is a registered charity in United States, based in Litchfield, CT. It received its IRS tax-exemption ruling in April 1938, 88 years ago. 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, Litchfield Historical Society reported income of $615k and spending of $1.1m, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $711k to $615k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Litchfield Historical Society sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Lilly Library Association ($615k), Wat Tummaprateip Washington DC ($615k) and Lower Merion Township Police Pension Association ($615k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $191k (18% of expenses). Other salaries and wages came to $214k. At year end it held assets of $11.2m against liabilities of $121k, net assets of $11.0m. It reported 20 employees.