Avery-Copp Museum Inc

Analysis

Avery-Copp Museum Inc is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in September 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, Avery-Copp Museum Inc reported income of $169k and spending of $173k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $208k to $169k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Avery-Copp Museum Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within CT. Charities of a similar size with the same main cause include Community Concerts at Second ($169k), Vicksburg & Warren County Historical Society ($169k) and African Artists Community Development Project Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $66k (38% of expenses). At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m. It reported 6 employees.