Opsail2012ct Inc

Analysis

Opsail2012ct Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Opsail2012ct Inc reported income of $221k and spending of $136k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $221k (+127%), an average of +127% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opsail2012ct Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include Philipsburg Revitalization Corp ($221k), Median Foundation ($221k) and Crystal City Pilgrimage Committee ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.