Friends of New Canaan Lacrosse

Analysis

Friends of New Canaan Lacrosse is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in February 2015, 11 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, Friends of New Canaan Lacrosse reported income of $91k and spending of $116k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $91k (-47%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of New Canaan Lacrosse sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include Marion-Bermuda Crusing Yacht Race Association Inc ($91k), USA Swimming Inc ($91k) and Kentucky Royal Elite ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.