Edgewater Athletic Association Corp

Analysis

Edgewater Athletic Association Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2021, 5 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, Edgewater Athletic Association Corp reported income of $68k and spending of $47k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $28k to $68k (+141%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Edgewater Athletic Association Corp sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include International Star Class Yacht Racing Association Legacy Foundati ($68k), California Rangers ($68k) and Rafter7 Sports ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.