New Britain Legacies Corp

Analysis

New Britain Legacies Corp is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, New Britain Legacies Corp reported income of $72k and spending of $62k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $72k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 77% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, New Britain Legacies Corp sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within CT. Charities of a similar size with the same main cause include Regents of the University of Minnesota ($72k), BGCMR Qalicb ($72k) and Atlanta Cares Mentoring Movement Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $67k against liabilities of $28k, net assets of $39k.