Brandywine Soaring Association

Analysis

Brandywine Soaring Association is a registered charity in United States, based in Hockessin, DE. It received its IRS tax-exemption ruling in October 2016, 10 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, Brandywine Soaring Association reported income of $65k and spending of $64k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $65k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brandywine Soaring Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within DE. Charities of a similar size with the same main cause include Rochester Area Club Lacrosse ($65k), Millburn Fifth Quarter Club ($65k) and Chaparral Lacrosse Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 32% of the total. At year end it held assets of $349k against liabilities of $0, net assets of $349k.