Needham Youth Track Club Inc

Analysis

Needham Youth Track Club Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in May 2016, 10 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, Needham Youth Track Club Inc reported income of $349k and spending of $320k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $349k (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 187%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Needham Youth Track Club Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include X-Cel Gymnastics Parent Organization Inc ($349k), Hershey Aquatic Club Inc ($349k) and New Mexico Wrangler Division Junior High School Rodeo Association ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $59k (18% of expenses). Other salaries and wages came to $102k. At year end it held assets of $464k against liabilities of $0, net assets of $464k. It reported 112 employees.