New London Landmarks Inc

Analysis

New London Landmarks Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in April 1974, 52 years ago. 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, New London Landmarks Inc reported income of $120k and spending of $113k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $372k to $120k (-68%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 297%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New London Landmarks Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include Lower Allen Fire Co No 1 ($120k), San Lorenzo Foundation ($120k) and Asociacion Ministerial Evangelica Del Area Lawrence Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 6.0% of the total. At year end it held assets of $213k against liabilities of $5,859, net assets of $207k.