Brooklyn Youth Sports Club Inc

Analysis

Brooklyn Youth Sports Club Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 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 (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, Brooklyn Youth Sports Club Inc reported income of $863k and spending of $980k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $526k to $863k (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brooklyn Youth Sports Club Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include FL Soccer SRC Inc ($862k), Georgia Amateur Wrestling Association Inc ($863k) and Pulaski County Youth Football League ($862k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $108k (11% of expenses). Other salaries and wages came to $348k. At year end it held assets of $499k against liabilities of $657k, net assets of -$158k. It reported 28 employees.