The Rec Center Ltd

Analysis

The Rec Center Ltd is a registered charity in United States, based in Mt Pleasant, IA. It received its IRS tax-exemption ruling in November 1991, 35 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 June 2023, The Rec Center Ltd reported income of $495k and spending of $607k, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $468k to $495k (+5.7%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Rec Center Ltd 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 70th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Folsom Youth Basketball Association ($495k), Camp Daniel Inc ($495k) and Aqualympics Inc ($495k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $80k (13% of expenses). Other salaries and wages came to $153k. At year end it held assets of $1.3m against liabilities of $79k, net assets of $1.2m. It reported 28 employees.