George Young Recreational Complex

Analysis

George Young Recreational Complex is a registered charity in United States, based in Crystal Falls, MI. It received its IRS tax-exemption ruling in November 1984, 42 years ago. 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 December 2023, George Young Recreational Complex reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.1m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, George Young Recreational Complex sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Alliance for Continuing Medical Education Inc ($2.1m), Pike Market Child Care and Preschool ($2.1m) and Council of State Governments ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $80k (3.8% of expenses). Other salaries and wages came to $879k. At year end it held assets of $332k against liabilities of $60k, net assets of $272k. It reported 90 employees.