Seaside Italian American Club

Analysis

Seaside Italian American Club is a registered charity in United States, based in Seaside HGTS, NJ. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Seaside Italian American Club reported income of $131k and spending of $119k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $65k to $131k (+104%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 168%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seaside Italian American Club sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Elkhartcares Inc ($131k), Kriquettes Kidz ($131k) and Labyrinth Society Inc ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $315k against liabilities of $139k, net assets of $177k.