First Serve Bridgeport Inc

Analysis

First Serve Bridgeport Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in August 2012, 14 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, First Serve Bridgeport Inc reported income of $85k and spending of $94k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $98k to $85k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, First Serve Bridgeport Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include Hope Homes International Inc ($85k), Fitch--East Lyme-Ledyard Hockey CL Ub Inc ($85k) and Mt Pleasant TWP Community Center Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $73k. At year end it held assets of $71k against liabilities of $0, net assets of $71k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.