Friends of Manhasset Crew

Analysis

Friends of Manhasset Crew is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in December 2004, 22 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, Friends of Manhasset Crew reported income of $601k and spending of $670k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $538k to $601k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Manhasset Crew sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Live Like Geno Foundation Inc ($601k), Kingwood Fillies Drill Team Booster Club ($601k) and Midland Soccer Association Inc ($601k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Other salaries and wages came to $261k. At year end it held assets of $379k against liabilities of $118k, net assets of $261k. It reported 9 employees.