Elwood Athletic Club

Analysis

Elwood Athletic Club is a registered charity in United States, based in Greenlawn, NY. It received its IRS tax-exemption ruling in October 2008, 18 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, Elwood Athletic Club reported income of $150k and spending of $154k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $150k (+10.0%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 1960%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elwood Athletic Club sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Middlesex County Community Park Corporation ($150k), Suncatcher Therapeutic Riding Academy Inc ($150k) and Kiwanis Club of Goldsboro NC Foundation ($150k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $7,387 against liabilities of $796, net assets of $6,591. It reported 2 employees.