Cape Atlantic League Inc

Analysis

Cape Atlantic League Inc is a registered charity in United States, based in Mays Landing, NJ. It received its IRS tax-exemption ruling in June 2021, 5 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, Cape Atlantic League Inc reported income of $61k and spending of $64k, spending 105% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $46k to $61k (+33%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cape Atlantic League Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 31st percentile within NJ. Charities of a similar size with the same main cause include Friends of Lincoln Sudbury Boys Lacrosse Inc ($61k), Coastal Cheer Athletics Incorporated ($61k) and Dodge City Baseball ($61k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $5,500 (8.6% of expenses). At year end it held assets of $4,553 against liabilities of $0, net assets of $4,553.