Atlantic Coast Club Inc

Analysis

Atlantic Coast Club Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in May 1984, 42 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 September 2023, Atlantic Coast Club Inc reported income of $144k and spending of $176k, spending 123% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income grew from $92k to $144k (+57%), an average of +16% a year. The sharpest change came in the year to September 2022, when income rose by 129%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlantic Coast Club Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include California Federation of Womens Clubs ($144k), South Fulton Institute Inc ($144k) and Greater Stillwater Chamber Foundation ($144k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $77k against liabilities of $2,232, net assets of $75k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.