Glastonbury Abc Inc

Analysis

Glastonbury Abc Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in October 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 June 2023, Glastonbury Abc Inc reported income of $123k and spending of $101k, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $107k to $123k (+15%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glastonbury Abc Inc sits at the 42nd percentile: it is larger than about 42% 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 Little League Baseball Inc ($123k), Lakota Ambulance Service Inc ($123k) and Centerville Historical Society Inc ($123k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% of the total. Other salaries and wages came to $22k. At year end it held assets of $636k against liabilities of $218, net assets of $636k. It reported 3 employees.