New London Park Improvement Corporation

Analysis

New London Park Improvement Corporation is a registered charity in United States, based in New London, OH. It received its IRS tax-exemption ruling in February 2020, 6 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 (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 London Park Improvement Corporation reported income of $291k and spending of $296k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $291k (+410%), an average of +410% a year. The sharpest change came in the year to December 2023, when income rose by 410%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New London Park Improvement Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Yorktown Crew Boosters Inc ($291k), PDR Swimming for Success ($291k) and West Clermont Jr Wolves Youth Football and Cheerleading ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.