Penn Athletics Club of Bucks County Inc

Analysis

Penn Athletics Club of Bucks County Inc is a registered charity in United States, based in Doylestown, PA. It received its IRS tax-exemption ruling in January 2015, 11 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 December 2023, Penn Athletics Club of Bucks County Inc reported income of $1.1m and spending of $1.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $482k to $1.1m (+130%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Penn Athletics Club of Bucks County Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Jackson Ski Touring Foundation Inc ($1.1m), Sailing Education Association of Sheboygan Inc ($1.1m) and Central Connecticut Youth Hockey Assoc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $171k against liabilities of $306k, net assets of -$134k.

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.