Connecticut Sports Management Group Inc

Analysis

Connecticut Sports Management Group Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in July 1989, 37 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, Connecticut Sports Management Group Inc reported income of $571k and spending of $590k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $748k to $571k (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Connecticut Sports Management Group Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Walker County Fair Association ($571k), Yorktown Youth Soccer Club Corp ($571k) and St Charles Youth Baseball Association ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $79k (13% of expenses). Other salaries and wages came to $119k. At year end it held assets of $281k against liabilities of $133k, net assets of $148k. It reported 10 employees.