Westport Historical Society Inc

Analysis

Westport Historical Society Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in January 1975, 51 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 December 2023, Westport Historical Society Inc reported income of $295k and spending of $708k, spending 241% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $295k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 374%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westport Historical Society Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include H E Through the Arts Inc ($294k), Mendocino Film Festival ($295k) and Silambam Houston ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $147k (21% of expenses). Other salaries and wages came to $186k. At year end it held assets of $3.2m against liabilities of $43k, net assets of $3.1m. It reported 7 employees.