Theodore Gordon Flyfishers Inc

Analysis

Theodore Gordon Flyfishers Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1966, 60 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 October 2023, Theodore Gordon Flyfishers Inc reported income of $70k and spending of $68k, spending 97% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $104k to $70k (-32%), an average of -9.4% a year. The sharpest change came in the year to October 2022, when income rose by 66%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Theodore Gordon Flyfishers Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Undersea Warriors Inc ($70k), Team Redlands ($70k) and Granby Athletic Association Inc ($70k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 50% and program service revenue 32% of the total. At year end it held assets of $290k against liabilities of $203, net assets of $290k.