Fencers Club Inc

Analysis

Fencers Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1980, 46 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Fencers Club Inc reported income of $1.3m and spending of $1.8m, spending 143% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.8m to $1.3m (-31%), an average of -8.9% a year. The sharpest change came in the year to August 2022, when income rose by 41%. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fencers Club Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Center Point Ga Inc ($1.3m), Clayton Fire Company No 1 Inc ($1.3m) and Chattanooga Cancer Support Services ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 20% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $158k (8.9% of expenses). Other salaries and wages came to $109k. At year end it held assets of $13.1m against liabilities of $8.9m, net assets of $4.2m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.