Recreation Rooms and Settlement

Analysis

Recreation Rooms and Settlement is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, Recreation Rooms and Settlement reported income of $3.6m and spending of $3.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $3.6m (+1.8%), an average of +0.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Recreation Rooms and Settlement sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Spring Institute for Intercultural Learning ($3.6m), Visually Impaired Preschoolers Services of Greater Louisville Inc ($3.6m) and Missouri United Methodist ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $120k (3.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $434k against liabilities of $430k, net assets of $4,395. It reported 56 employees.