New Canaan Community Foundation Inc

Analysis

New Canaan Community Foundation Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, New Canaan Community Foundation Inc reported income of $3.5m and spending of $5.0m, spending 144% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.1m to $3.5m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Canaan Community Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Schuylkill Area Community ($3.5m), Chesapeake Charities Inc ($3.5m) and Family CB & RV Jamboree ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $159k (3.2% of expenses). Other salaries and wages came to $199k. At year end it held assets of $26.8m against liabilities of $188k, net assets of $26.6m. It reported 5 employees.