Block Island Club Inc

Analysis

Block Island Club Inc is a registered charity in United States, based in Block Island, RI. It received its IRS tax-exemption ruling in August 1995, 31 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, Block Island Club Inc reported income of $471k and spending of $383k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $285k to $471k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Block Island Club Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within RI. Charities of a similar size with the same main cause include Cambria County Student Hockey League Inc ($471k), Northern Athletics Conference Inc ($471k) and Camp Barnes Inc ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 78% of the total. Other salaries and wages came to $130k. At year end it held assets of $967k against liabilities of $28k, net assets of $938k. It reported 31 employees.