Sasquanaug Association for Southport Improvement Inc

Analysis

Sasquanaug Association for Southport Improvement Inc is a registered charity in United States, based in Southport, CT. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sasquanaug Association for Southport Improvement Inc reported income of $76k and spending of $51k, leaving 33% of income unspent that year. Across the 5 years on record, from May 2020 to December 2023, income grew from $51k to $76k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sasquanaug Association for Southport Improvement Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include General Federation of Womens Clubs of South Carolina ($76k), Second District Neighborhood Planning Council ($76k) and Middlebury Community House Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $500k against liabilities of $3,600, net assets of $497k.