Exchange Club of New Canaan Foundation Inc

Analysis

Exchange Club of New Canaan Foundation Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in February 2023, 3 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 2024, Exchange Club of New Canaan Foundation Inc reported income of $175k and spending of $180k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $166k to $175k (+5.3%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Exchange Club of New Canaan Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Classic Charitable Foundation ($175k), United Way of Hardin County Ohio Inc ($175k) and Santa Rosa East Rotary Foundation ($175k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.