Lyman Heritage Preservationfoundation Inc

Analysis

Lyman Heritage Preservationfoundation Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 2007, 19 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 (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, Lyman Heritage Preservationfoundation Inc reported income of $249k and spending of $26k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $249k (+264%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 291%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lyman Heritage Preservationfoundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Georgia Writers Museum Inc ($249k), The Foundation for the Spiritual Practice of Creativity ($249k) and Oregon East Symphony Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $569k against liabilities of $4,500, net assets of $564k.