Connecticut Classic Inc

Analysis

Connecticut Classic Inc is a registered charity in United States, based in Watertown, CT. It received its IRS tax-exemption ruling in July 2015, 11 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, Connecticut Classic Inc reported income of $63k and spending of $50k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $63k (+11%), an average of +11% a year. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Classic Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within CT. Charities of a similar size with the same main cause include Bucks County Symphony Foundation Inc ($63k), Ashland Childrens Theatre ($63k) and Aktina Productions Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.