Punxsutawney Area Community Arts & Recreation Center Inc

Analysis

Punxsutawney Area Community Arts & Recreation Center Inc is a registered charity in United States, based in Punxsutawney, PA. It received its IRS tax-exemption ruling in November 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Punxsutawney Area Community Arts & Recreation Center Inc reported income of $226k and spending of $250k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $246k to $226k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Punxsutawney Area Community Arts & Recreation Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Bulldogs Baseball Program Inc ($226k), Brookline Baseball Inc ($226k) and Livingston County Gymnasts ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. Compensation of current officers, directors and key employees was $46k (19% of expenses). Other salaries and wages came to $76k. At year end it held assets of $617k against liabilities of $7,777, net assets of $609k.