Memorial Recreation Center Inc

Analysis

Memorial Recreation Center Inc is a registered charity in United States, based in Smethport, PA. It received its IRS tax-exemption ruling in November 1957, 69 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memorial Recreation Center Inc reported income of $54k and spending of $36k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $54k (+129%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memorial Recreation Center Inc sits at the 21st 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 20th percentile within PA. Charities of a similar size with the same main cause include Chaffey High School Alumni Association ($54k), Moore County Senior Citizens Inc ($54k) and New Life Rescue Mission ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 28% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.