Northeast Raiders Youth Association Inc

Analysis

Northeast Raiders Youth Association Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in January 1977, 49 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 May 2023, Northeast Raiders Youth Association Inc reported income of $454k and spending of $357k, leaving 21% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $278k to $454k (+63%), an average of +18% a year. The sharpest change came in the year to May 2022, when income rose by 46%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northeast Raiders Youth Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Pajaro Valley Youth Soccer Club ($454k), Monroe County Agricultural Society ($454k) and Park Hill Bike Depot ($454k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 6.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $132k (37% of expenses). At year end it held assets of $614k against liabilities of $139k, net assets of $475k.