Greenwich Historical Society Inc

Analysis

Greenwich Historical Society Inc is a registered charity in United States, based in Cos Cob, CT. It received its IRS tax-exemption ruling in April 1957, 69 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greenwich Historical Society Inc reported income of $2.5m and spending of $2.8m, spending 113% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $4.5m to $2.5m (-44%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 135%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenwich Historical Society Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Community Theatre of Cedar Rapids Inc ($2.5m), Blair House Foundation ($2.5m) and Music Center Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $135k (4.7% of expenses). Other salaries and wages came to $909k. At year end it held assets of $23.9m against liabilities of $132k, net assets of $23.8m. It reported 33 employees.