Southern Connecticut Synchronized Skating Inc

Analysis

Southern Connecticut Synchronized Skating Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in February 2021, 5 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 March 2024, Southern Connecticut Synchronized Skating Inc reported income of $197k and spending of $189k, spending 96% of its income. Across the 4 years on record, from March 2021 to March 2024, income fell from $242k to $197k (-18%), an average of -6.6% a year. The sharpest change came in the year to March 2022, when income dropped by 34%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southern Connecticut Synchronized Skating Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Elk River Youth Softball Association ($197k), BBD Boosters ($197k) and Los Alamitos Youth Football & Cheer ($197k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.