New Canaan Athletic Foundation Inc

Analysis

New Canaan Athletic Foundation Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in December 2018, 8 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, New Canaan Athletic Foundation Inc reported income of $341k and spending of $343k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $436k to $341k (-22%), an average of -7.9% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 45% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Canaan Athletic Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Atlanta Community Tennis Foundation Inc ($341k), America FC Inc ($341k) and Main Street Baseball Inc ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $804k against liabilities of $0, net assets of $804k.