Canton Historical Society Inc

Analysis

Canton Historical Society Inc is a registered charity in United States, based in Collinsville, CT. It received its IRS tax-exemption ruling in July 1967, 59 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, Canton Historical Society Inc reported income of $50k and spending of $49k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $71k to $50k (-29%), an average of -8.4% a year. The sharpest change came in the year to December 2021, when income rose by 164%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canton Historical Society Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within CT. Charities of a similar size with the same main cause include PTA Texas Congress ($50k), Little League Baseball Inc ($50k) and PTA New York Congress ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $3,000 (6.2% of expenses). Other salaries and wages came to $2,400. At year end it held assets of $672k against liabilities of $1,781, net assets of $670k. It reported 3 employees.