Cornwall Historical Society Incorporated

Analysis

Cornwall Historical Society Incorporated is a registered charity in United States, based in Cornwall, CT. It received its IRS tax-exemption ruling in February 1976, 50 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 December 2023, Cornwall Historical Society Incorporated reported income of $88k and spending of $118k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $174k to $88k (-49%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cornwall Historical Society Incorporated sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Charles Carrin Ministries Inc ($88k), Fuller Center for Housing Inc ($88k) and Central Office of Albuquerque Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $46k (39% of expenses). At year end it held assets of $1.1m against liabilities of $3,291, net assets of $1.1m. It reported 1 employees.

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.