Old Greenwich-Riverside Community Center Inc

Analysis

Old Greenwich-Riverside Community Center Inc is a registered charity in United States, based in Old Greenwich, CT. It received its IRS tax-exemption ruling in October 1959, 67 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, Old Greenwich-Riverside Community Center Inc reported income of $3.0m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.0m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Old Greenwich-Riverside Community Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Pacific Premier FC ($3.0m), Portland Community Squash ($3.0m) and Community Outreach Advocates Incorporated ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $138k (4.8% of expenses). Other salaries and wages came to $515k. At year end it held assets of $2.4m against liabilities of $832k, net assets of $1.6m. It reported 64 employees.