Newcomers Club of New Canaan Charity Fund

Analysis

Newcomers Club of New Canaan Charity Fund is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in August 1995, 31 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 June 2024, Newcomers Club of New Canaan Charity Fund reported income of $118k and spending of $120k, spending 102% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $12k to $118k (+846%), an average of +846% a year. The sharpest change came in the year to June 2024, when income rose by 846%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newcomers Club of New Canaan Charity Fund sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Blue Ridge Baseball Inc ($118k), Northern Colorado Swim Club Inc ($118k) and McQuades Charities Softball Tournament ($118k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 37% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.