Nanuet Black and Gold Club Inc

Analysis

Nanuet Black and Gold Club Inc is a registered charity in United States, based in Nanuet, NY. It received its IRS tax-exemption ruling in September 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, Nanuet Black and Gold Club Inc reported income of $52k and spending of $21k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $52k (+178%), an average of +178% a year. The sharpest change came in the year to December 2023, when income rose by 178%. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nanuet Black and Gold Club Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Stackhouse Park Inc ($52k), Missing Link Snowmobile Club Inc ($52k) and Crow River Sno Pros Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.