Connecticut Electric Railway Association Incorporated

Analysis

Connecticut Electric Railway Association Incorporated is a registered charity in United States, based in East Windsor, CT. It received its IRS tax-exemption ruling in July 1959, 67 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 December 2023, Connecticut Electric Railway Association Incorporated reported income of $628k and spending of $675k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $574k to $628k (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 97% 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 Electric Railway Association Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Palaver Strings Incorporated ($628k), Riverside Arts Center Foundation Inc ($628k) and Bellevue Literary Press Inc ($628k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $76k (11% of expenses). Other salaries and wages came to $85k. At year end it held assets of $1.9m against liabilities of $246k, net assets of $1.7m. It reported 12 employees.