Friends of Stonington Crew Inc

Analysis

Friends of Stonington Crew Inc is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in June 2001, 25 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, Friends of Stonington Crew Inc reported income of $86k and spending of $70k, spending 82% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $156k to $86k (-45%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 170% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Stonington Crew 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 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Franklin Pee-Wee Football Association Inc ($86k), Watford City Parks & Recreation Foundation ($86k) and Friends Of@martins Park Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.