Farmington Historical Society Incorporated

Analysis

Farmington Historical Society Incorporated is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in December 1959, 67 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 May 2024, Farmington Historical Society Incorporated reported income of $93k and spending of $70k, leaving 24% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $59k to $93k (+57%), an average of +9.4% a year. The sharpest change came in the year to May 2022, when income rose by 77%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Farmington Historical Society Incorporated sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within CT. Charities of a similar size with the same main cause include Friends of Oakdale Cemetery Inc ($93k), Mount Pleasant Bible Teaching Association ($93k) and E T H S Boosters Club ($93k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 46% and program service revenue 4.4% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.