Trustees of Colt Bequest Inc

Analysis

Trustees of Colt Bequest Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in November 1934, 92 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Trustees of Colt Bequest Inc reported income of $2.3m and spending of $2.4m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.9m to $2.3m (-20%), an average of -5.4% a year. The sharpest change came in the year to September 2021, when income rose by 93%. Over the whole period it spent 47% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Trustees of Colt Bequest Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Mosdos Pnei Menachem Inc ($2.3m), M C Fathers Inc ($2.3m) and Nexus International ($2.3m).

Compensation of current officers, directors and key employees was $191k (8.0% of expenses). Other salaries and wages came to $264k. At year end it held assets of $66.4m against liabilities of $57k, net assets of $66.4m. It reported 10 employees.