Palmyra Recreation Association

Analysis

Palmyra Recreation Association is a registered charity in United States, based in Palmyra, PA. It received its IRS tax-exemption ruling in October 2022, 4 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 September 2023, Palmyra Recreation Association reported income of $200k and spending of $258k, spending 129% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $4,579 to $200k (+4275%), an average of +252% a year. The sharpest change came in the year to September 2021, when income rose by 6071%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palmyra Recreation Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Friends of the Fort Collins Bicycleprogram Inc ($200k), Salinas Colts & Broncos Inc ($200k) and Santa Ana Pony Baseball Inc ($200k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $100k. At year end it held assets of $204k against liabilities of $18k, net assets of $187k. It reported 43 employees.