Reading Buccaneers Inc

Analysis

Reading Buccaneers Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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, Reading Buccaneers Inc reported income of $368k and spending of $401k, spending 109% of what it took in. Across the 4 years on record, from October 2019 to October 2023, income grew from $330k to $368k (+12%), an average of +3.7% a year. The sharpest change came in the year to October 2023, when income rose by 43%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reading Buccaneers Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Next Steps Today Inc ($368k), Housing Foundation ($368k) and Duxbury Hockey Association Inc ($368k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $63k against liabilities of $3,757, net assets of $59k.