Asphalt Green Inc

Analysis

Asphalt Green Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1975, 51 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 June 2023, Asphalt Green Inc reported income of $33.6m and spending of $30.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.8m to $33.6m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Asphalt Green Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include International Tennis Hall of Fame Incorporated ($32.7m), Eastern National ($34.7m) and Eastern States Exposition ($32.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Other salaries and wages came to $14.8m. At year end it held assets of $43.7m against liabilities of $14.6m, net assets of $29.1m. It reported 153 employees.