New London Outing Club

Analysis

New London Outing Club is a registered charity in United States, based in New London, NH. It received its IRS tax-exemption ruling in May 1968, 58 years ago. 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, New London Outing Club reported income of $1.1m and spending of $1.1m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $1.1m (+728%), an average of +70% a year. The sharpest change came in the year to December 2022, when income rose by 246%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New London Outing Club sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within NH. Charities of a similar size with the same main cause include Loving Care Day Care Center Inc ($1.1m), Meals on Wheels of Charlottesville- Albemarle ($1.1m) and Afro-American Music Institute Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $72k (6.4% of expenses). Other salaries and wages came to $540k. At year end it held assets of $798k against liabilities of $271k, net assets of $527k. It reported 61 employees.