Iron Legacy Motorcycle Club

Analysis

Iron Legacy Motorcycle Club is a registered charity in United States, based in Swansea, MA. It received its IRS tax-exemption ruling in December 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, Iron Legacy Motorcycle Club reported income of $224k and spending of $242k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $461k to $224k (-51%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Iron Legacy Motorcycle Club sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Surf for All ($224k), Catawba Ridge High School Athletic Booster Club ($224k) and Redline Hockey Academy Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.