Eastern National

Analysis

Eastern National is a registered charity in United States, based in Fort Washington, PA. It received its IRS tax-exemption ruling in October 1952, 74 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 October 2023, Eastern National reported income of $34.7m and spending of $37.7m, spending 109% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $26.6m to $34.7m (+31%), an average of +6.9% a year. The sharpest change came in the year to October 2021, when income rose by 124%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Eastern National sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Asphalt Green Inc ($33.6m), United States Bowling Congress Inc ($35.5m) and International Tennis Hall of Fame Incorporated ($32.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 10% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $1.2m (3.1% of expenses). Other salaries and wages came to $14.2m. At year end it held assets of $35.2m against liabilities of $11.9m, net assets of $23.3m. It reported 634 employees.