Park and Recreation Association of Sag Harbor New York Inc

Analysis

Park and Recreation Association of Sag Harbor New York Inc is a registered charity in United States, based in Sag Harbor, NY. It received its IRS tax-exemption ruling in November 1969, 57 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 February 2023, Park and Recreation Association of Sag Harbor New York Inc reported income of $481k and spending of $381k, leaving 21% of income unspent that year. Across the 4 years on record, from February 2020 to February 2023, income grew from $375k to $481k (+28%), an average of +8.7% a year. The sharpest change came in the year to February 2021, when income rose by 17%. 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, Park and Recreation Association of Sag Harbor New York Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Pga Reach Philadelphia ($481k), Florida Fishing Academy Inc ($482k) and A Walk on Water Inc ($481k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 22% and program service revenue 72% of the total. Other salaries and wages came to $123k. At year end it held assets of $1.6m against liabilities of $3,748, net assets of $1.6m. It reported 3 employees.