New Canaan Mounted Troop Inc

Analysis

New Canaan Mounted Troop Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in October 1946, 80 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Canaan Mounted Troop Inc reported income of $1.4m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+27%), an average of +6.2% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Canaan Mounted Troop Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include The Villages Youth Sports Club Inc ($1.4m), Lone Tree Bible Ranch Inc ($1.4m) and Cascade Boosters Club Incorporated ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 76% of the total. Other salaries and wages came to $613k. At year end it held assets of $3.8m against liabilities of $551k, net assets of $3.2m. It reported 41 employees.