International Melges 24 Class Association Inc

Analysis

International Melges 24 Class Association Inc is a registered charity in United States, based in Rocky Hill, CT. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, International Melges 24 Class Association Inc reported income of $57k and spending of $46k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $57k (-21%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Melges 24 Class Association Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within CT. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($57k), Saratoga Historical Foundation Inc ($57k) and Oakwood Boosters Association Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 50% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.