Staples Diamond Club Inc

Analysis

Staples Diamond Club Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in May 2005, 21 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 (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, Staples Diamond Club Inc reported income of $143k and spending of $167k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $143k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Staples Diamond Club Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($143k), Ames Figure Skating Club ($143k) and Darien Athletic Foundation Inc ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,572 against liabilities of $0, net assets of $7,572.