Temple Gwathmey Steeplechase Foundation Inc

Analysis

Temple Gwathmey Steeplechase Foundation Inc is a registered charity in United States, based in Elkton, MD. It received its IRS tax-exemption ruling in May 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Temple Gwathmey Steeplechase Foundation Inc reported income of $279k and spending of $198k, leaving 29% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $518k to $279k (-46%), an average of -12% a year. The sharpest change came in the year to December 2019, when income dropped by 64%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Temple Gwathmey Steeplechase Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include RSM NJB Inc ($279k), Little League Baseball Inc ($279k) and The Parks and Recreation Foundation of Johnson County ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 2.9% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.