Spring Creek Recreational Fund

Analysis

Spring Creek Recreational Fund 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 2022, Spring Creek Recreational Fund reported income of $650k and spending of $617k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $50k to $650k (+1200%), an average of +135% a year. The sharpest change came in the year to December 2022, when income rose by 420%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spring Creek Recreational Fund sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Reining Horse Sports Foundation Inc ($650k), Disabled Outdoorsmen USA Inc ($650k) and Santa Barbara Mountain Bike Trail Volunteers Inc ($650k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $185k (30% of expenses). Other salaries and wages came to $125k. At year end it held assets of $54.0m against liabilities of $11k, net assets of $54.0m. It reported 6 employees.