Absecon Social and Athletic Club

Analysis

Absecon Social and Athletic Club is a registered charity in United States, based in Absecon, NJ. It received its IRS tax-exemption ruling in November 2012, 14 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 December 2023, Absecon Social and Athletic Club reported income of $88k and spending of $87k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $88k (+1.1%), an average of +1.1% a year. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Absecon Social and Athletic Club sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Boulder County Soccer Club ($88k), CCSL Incorporated ($88k) and Grand Rapids Junior Sailing Association ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 87% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.