United States Coast Guard Academy Parents Association

Analysis

United States Coast Guard Academy Parents Association is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, United States Coast Guard Academy Parents Association reported income of $64k and spending of $50k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $64k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United States Coast Guard Academy Parents Association sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within CT. Charities of a similar size with the same main cause include Garrisons Landing Association Inc ($64k), The Texas Society for Hand Therapy Inc ($64k) and Fund for a Better Waterfront Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.