Ridgefield Historical Society

Analysis

Ridgefield Historical Society is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in September 2002, 24 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 June 2023, Ridgefield Historical Society reported income of $1.7m and spending of $229k, leaving 86% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $74k to $1.7m (+2174%), an average of +118% a year. The sharpest change came in the year to June 2023, when income rose by 774%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ridgefield Historical Society sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Muscarelle Museum of Art Foundation ($1.7m), Serenbe Art Farm for Arts and Education Corporation ($1.7m) and California State Summer School Arts Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. Other salaries and wages came to $48k. At year end it held assets of $2.5m against liabilities of $8,649, net assets of $2.5m. It reported 4 employees.