Club1040 Inc

Analysis

Club1040 Inc is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Club1040 Inc reported income of $2.1m and spending of $1.5m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $561k to $2.1m (+269%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Club1040 Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OK. Charities of a similar size with the same main cause include Keren Yisroel & Chaya Inc ($2.1m), Ruach Chaim Inc ($2.1m) and Dominion Broadcasting Incorporated ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $145k (9.7% of expenses). Other salaries and wages came to $93k. At year end it held assets of $1.3m against liabilities of $13k, net assets of $1.3m. It reported 6 employees.