Button Hole

Analysis

Button Hole is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1998, 28 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 October 2023, Button Hole reported income of $1.5m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $901k to $1.5m (+66%), an average of +14% a year. The sharpest change came in the year to October 2020, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Button Hole sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within RI. Charities of a similar size with the same main cause include Mill Creek Athletic Association ($1.5m), Rensselaer County Agricultural and Horticultural Society ($1.5m) and Ozaukee Youth Hockey Association Inc ($1.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 54% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $104k (7.8% of expenses). Other salaries and wages came to $565k. At year end it held assets of $5.8m against liabilities of $419k, net assets of $5.4m. It reported 45 employees.