Long Island Broncos Inc

Analysis

Long Island Broncos Inc is a registered charity in United States, based in Seaford, NY. It received its IRS tax-exemption ruling in October 1976, 50 years ago. 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 January 2024, Long Island Broncos Inc reported income of $134k and spending of $133k, spending 99% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $71k to $134k (+89%), an average of +17% a year. The sharpest change came in the year to January 2022, when income rose by 88%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Long Island Broncos Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Center for Advanced Psychoanalytic Studies ($134k), Don Currin Ministries Inc ($134k) and The Pioneer Alumni Association ($134k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $51k against liabilities of $421, net assets of $51k.