New Richmond Area Centre Ltd

Analysis

New Richmond Area Centre Ltd is a registered charity in United States, based in New Richmond, WI. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Richmond Area Centre Ltd reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $2.1m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Richmond Area Centre Ltd sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Hayden Synchronized Skating Teams Inc ($2.1m), Madison United Rugby Inc ($2.1m) and Scotch Plains - Fanwood Soccer Association ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $153k (7.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.8m against liabilities of $691k, net assets of $2.1m. It reported 188 employees.