Electric Boat Employees Community Service Association

Analysis

Electric Boat Employees Community Service Association is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in September 1958, 68 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 December 2023, Electric Boat Employees Community Service Association reported income of $1.8m and spending of $2.1m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.8m (-13%), an average of -3.4% a year. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Electric Boat Employees Community Service Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include United Way of Lake County Inc ($1.8m), Dignity Freedom Network ($1.8m) and Apace Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.