Section 2 of the Nysphsaa Inc

Analysis

Section 2 of the Nysphsaa Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Section 2 of the Nysphsaa Inc reported income of $1.3m and spending of $1.1m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $944k to $1.3m (+43%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 246%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Section 2 of the Nysphsaa Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Florida State University Athletics Association Inc ($1.3m), Civic Center Conservancy ($1.3m) and Appalachian Fair Association Incorporated ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $108k (9.7% of expenses). Other salaries and wages came to $129k. At year end it held assets of $1.2m against liabilities of $154k, net assets of $1.1m. It reported 3 employees.