Prospect Park Track Club Inc

Analysis

Prospect Park Track Club Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2023, Prospect Park Track Club Inc reported income of $293k and spending of $320k, spending 109% of what it took in. Across the 4 years on record, from April 2019 to April 2023, income grew from $236k to $293k (+24%), an average of +7.5% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prospect Park Track Club Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Hub City Senior Citizens Inc ($293k), Madison County Senior Citizens Council on Aging ($293k) and Greater Chattanooga Christian Services ($293k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.