Section One Inc

Analysis

Section One Inc is a registered charity in United States, based in Harrison, NY. It received its IRS tax-exemption ruling in August 1984, 42 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 August 2023, Section One Inc reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $914k to $1.5m (+64%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 83%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Section One Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Philadelphia Activities Fund Inc ($1.5m), East Ridge Athletic Association ($1.5m) and Peoples Park Foundation Inc ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $19k (1.4% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.