Father Fred Memorial Tournament

Analysis

Father Fred Memorial Tournament is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Father Fred Memorial Tournament reported income of $82k and spending of $75k, spending 92% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $65k to $82k (+25%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Father Fred Memorial Tournament sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($82k), Mountain Moving Faith Ministries ($82k) and Benevolent & Protective Order of Elks of the USA ($82k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $81k against liabilities of $65k, net assets of $16k.