Connecticut Historical Society

Analysis

Connecticut Historical Society is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 1934, 92 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 December 2023, Connecticut Historical Society reported income of $2.3m and spending of $5.3m, spending 235% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.3m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 112% 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 Historical Society sits at the 92nd percentile: it is larger than about 92% 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 Pai Foundation ($2.3m), National Philharmonic Orchestra & Chorale of Mongomery County Inc ($2.3m) and Friends of the Musees Des Arts Decoratifs ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $392k (7.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $63.2m against liabilities of $500k, net assets of $62.7m. It reported 63 employees.