Daegu Civilian & Spouses Club

Analysis

Daegu Civilian & Spouses Club is a registered charity in United States, based in Apo, AP. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 May 2023, Daegu Civilian & Spouses Club reported income of $71k and spending of $76k, spending 107% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $46k to $71k (+54%), an average of +15% a year. The sharpest change came in the year to May 2023, when income rose by 32%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daegu Civilian & Spouses Club sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 50th percentile within AP. Charities of a similar size with the same main cause include Georgia Extension 4-H Foundation ($71k), Chaminade University Educational Foundation ($71k) and Trustees and Friends of Freeman Memorial Library ($71k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.

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.