New Canaan Land Conservation Trust Inc

Analysis

New Canaan Land Conservation Trust Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in October 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 May 2023, New Canaan Land Conservation Trust Inc reported income of $414k and spending of $302k, leaving 27% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income fell from $468k to $414k (-12%), an average of -3.0% a year. The sharpest change came in the year to May 2020, when income dropped by 24%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Canaan Land Conservation Trust Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Western Enterprise Fire Company ($414k), Robert a and Virginia Heinlein Library Foundation ($414k) and All Our Children Incorporated ($414k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $74k (24% of expenses). Other salaries and wages came to $40k. At year end it held assets of $28.7m against liabilities of $6,859, net assets of $28.7m. It reported 4 employees.