Big Apple Triathlon Club Inc

Analysis

Big Apple Triathlon Club Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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, Big Apple Triathlon Club Inc reported income of $217k and spending of $223k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $217k (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Apple Triathlon Club Inc 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 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include South Bay Historical Railroad Society Inc ($216k), Branford Food Pantry Inc ($217k) and Washingtonville Soccer Club Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $20k (8.8% of expenses). At year end it held assets of $527 against liabilities of $500, net assets of $27.

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.