Newtown Historical Society Inc

Analysis

Newtown Historical Society Inc is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in September 1966, 60 years ago. 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 December 2023, Newtown Historical Society Inc reported income of $135k and spending of $137k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18k to $135k (+659%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 356%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newtown Historical Society Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Tri-City Hospital Auxiliary ($135k), Melbourne Municipal Band Association Inc ($135k) and Soo Michigan Hockey Association ($135k).

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 $599k against liabilities of $0, net assets of $599k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.