Fort Ritchie Community Center Corporation

Analysis

Fort Ritchie Community Center Corporation is a registered charity in United States, based in Cascade, MD. It received its IRS tax-exemption ruling in December 2010, 16 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, Fort Ritchie Community Center Corporation reported income of $617k and spending of $475k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $496k to $617k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2023, when income rose by 16%. 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, Fort Ritchie Community Center Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Friends of Dog Mountain Inc ($617k), Bolingbrook Soccer Club of Illinois ($617k) and Upper Dublin Aquatic Club ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $88k (19% of expenses). Other salaries and wages came to $204k. At year end it held assets of $1.1m against liabilities of $37k, net assets of $1.1m. It reported 28 employees.