The 124 Club

Analysis

The 124 Club is a registered charity in United States, based in Rocky Hill, NJ. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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, The 124 Club reported income of $80k and spending of $58k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $80k to $80k (-0.1%), an average of +-0.0% a year. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The 124 Club sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Oregon Police Memorial Inc ($80k), The Grover Cleveland Birthplace Memorial Association ($80k) and Little Rock Town and Country Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $616k against liabilities of $275k, net assets of $341k.