Spring Creek Community Corporation

Analysis

Spring Creek Community Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spring Creek Community Corporation reported income of $439k and spending of $420k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $317k to $439k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spring Creek Community Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Bismarck Aquatics and Fitness Inc ($439k), Duluth Curling Club Inc ($439k) and Little League Baseball Inc ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $180k. At year end it held assets of $82k against liabilities of $11k, net assets of $70k. It reported 18 employees.