Queens Nassau Comets

Analysis

Queens Nassau Comets is a registered charity in United States, based in East Rockaway, NY. It received its IRS tax-exemption ruling in August 2015, 11 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, Queens Nassau Comets reported income of $126k and spending of $121k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $126k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Queens Nassau Comets sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Morrow County Community Center Inc ($126k), Mingo Bay Classic Baseball Tourname ($126k) and Charles County Youth League ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 45% of the total. At year end it held assets of $1,442 against liabilities of $20k, net assets of -$19k.