Club 420 Association Inc

Analysis

Club 420 Association Inc is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in June 2011, 15 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, Club 420 Association Inc reported income of $97k and spending of $85k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $97k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Club 420 Association Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within RI. Charities of a similar size with the same main cause include Jim White Community Fitness Foundation ($97k), Wisconsin Scholastic Chess Federation ($97k) and Mercer United FC Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 21% of the total. At year end it held assets of $145k against liabilities of $8, net assets of $145k.