Finger Lakes Soaring Club Inc

Analysis

Finger Lakes Soaring Club Inc is a registered charity in United States, based in Dansville, NY. It received its IRS tax-exemption ruling in May 1973, 53 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 December 2023, Finger Lakes Soaring Club Inc reported income of $54k and spending of $47k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $54k (+5.1%), an average of +5.1% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Finger Lakes Soaring Club Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include PTA Florida Congress ($54k), PTA New York Congress ($54k) and Friends of the Highland Park Public Library Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 62% of the total. At year end it held assets of $311k against liabilities of $11k, net assets of $300k.