Lions of New Britain Charities Inc

Analysis

Lions of New Britain Charities Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in May 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lions of New Britain Charities Inc reported income of $90k and spending of $69k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $59k to $90k (+52%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lions of New Britain Charities Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include Borderland 100 Club Inc ($90k), Bluhm County Park Endowment Fund ($90k) and Amicalola Emc TR ($90k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.