Pontian Society Pontos Norwalk Inc

Analysis

Pontian Society Pontos Norwalk Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in March 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Pontian Society Pontos Norwalk Inc reported income of $59k and spending of $39k, leaving 34% of income unspent that year. Across the 4 years on record, from February 2020 to February 2023, income fell from $97k to $59k (-39%), an average of -15% a year. The sharpest change came in the year to February 2021, when income dropped by 47%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pontian Society Pontos Norwalk Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within CT. Charities of a similar size with the same main cause include Impossible Players Inc ($59k), Motor City Brass Band ($59k) and Hindupedia Corporation ($59k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $299k against liabilities of $11k, net assets of $288k.