Philadelphia Dragon Boat Association

Analysis

Philadelphia Dragon Boat Association is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in April 2001, 25 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 December 2023, Philadelphia Dragon Boat Association reported income of $245k and spending of $239k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $97k to $245k (+154%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 118%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Philadelphia Dragon Boat Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Little League Baseball Inc ($245k), Pocono Northeast Youth Hockey Club ($245k) and Greater Binghamton Soccer Assoc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $186k against liabilities of $600, net assets of $186k.