Taxpayers Improvement Association of Patapsco Park

Analysis

Taxpayers Improvement Association of Patapsco Park is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2002, 24 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, Taxpayers Improvement Association of Patapsco Park reported income of $70k and spending of $82k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $70k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Taxpayers Improvement Association of Patapsco Park sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within MD. Charities of a similar size with the same main cause include Weston Field Hockey Club Inc ($70k), Bombers Baseball ($70k) and Methuen Girls Softball Incoporated ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.