Crescent Athletics Incorporated

Analysis

Crescent Athletics Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2024, 2 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, Crescent Athletics Incorporated reported income of $123k and spending of $141k, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $201k to $123k (-39%), an average of -9.4% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Crescent Athletics Incorporated sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Orlando Rowing Club Inc ($123k), Rush Henrietta Youth Sports Association Inc ($123k) and Lone Oak Youth Baseball-Softball Association Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $57k (40% of expenses). At year end it held assets of $77k against liabilities of $0, net assets of $77k. It reported 1 employees.