America East

Analysis

America East is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 1994, 32 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 June 2023, America East reported income of $10.8m and spending of $10.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.6m to $10.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, America East sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Delaware State Fair Inc ($10.8m), World Golf Foundation Inc ($10.9m) and Lancaster County Agricultural Society Inc ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $849k (7.9% of expenses). Other salaries and wages came to $420k. At year end it held assets of $8.2m against liabilities of $4.1m, net assets of $4.1m. It reported 12 employees.