Secretariat Center Inc

Analysis

Secretariat Center Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in February 2012, 14 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, Secretariat Center Inc reported income of $389k and spending of $506k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $469k to $389k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Secretariat Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within KY. Charities of a similar size with the same main cause include Valpo Surf Project Inc ($389k), Bravo BG ($389k) and Eastern Massachusetts Hockey Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $79k (16% of expenses). At year end it held assets of $510k against liabilities of $5,233, net assets of $504k. It reported 16 employees.