Beachside of Connecticut S C Inc

Analysis

Beachside of Connecticut S C Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in June 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beachside of Connecticut S C Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 211%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Beachside of Connecticut S C Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include North Bay Athletic Association Incorporated ($1.2m), Eastern New Mexico State Fair Board Inc ($1.2m) and Minneapolis Hockey Association Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $196k (18% of expenses). At year end it held assets of $871k against liabilities of $275k, net assets of $595k.