Cavallino Classic Foundation Inc

Analysis

Cavallino Classic Foundation Inc is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in January 2022, 4 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, Cavallino Classic Foundation Inc reported income of $99k and spending of $99k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $99k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cavallino Classic Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Victory Athletics ($99k), Cutting Edge Figure Skating Club Ltd ($99k) and First Swing Foundation ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $5,600, net assets of $22k.