Little Compton Community Center Corp

Analysis

Little Compton Community Center Corp is a registered charity in United States, based in L Compton, RI. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Little Compton Community Center Corp reported income of $490k and spending of $544k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $490k (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Little Compton Community Center Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within RI. Charities of a similar size with the same main cause include McHenry Area Soccer Federation Inc ($490k), Attitash Alpine Educational Foundation ($490k) and Community Leadership Academy ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $64k (12% of expenses). Other salaries and wages came to $261k. At year end it held assets of $2.4m against liabilities of $9,186, net assets of $2.4m. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.