Slovak Catholic Sokol Assembly 261 - Wreath 155 Inc

Analysis

Slovak Catholic Sokol Assembly 261 - Wreath 155 Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in January 2009, 17 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, Slovak Catholic Sokol Assembly 261 - Wreath 155 Inc reported income of $60k and spending of $63k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $70k to $60k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 124% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Slovak Catholic Sokol Assembly 261 - Wreath 155 Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include The United State Pony Clubs Inc ($60k), Kansas City Sluggers Baseball Inc ($60k) and Hillsboro Youth Football and Cheer ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $810k against liabilities of $409k, net assets of $400k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.