Atlantic Club Inc

Analysis

Atlantic Club Inc is a registered charity in United States, based in Ocean City, MD. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2024, Atlantic Club Inc reported income of $164k and spending of $168k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $91k to $164k (+80%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Atlantic Club Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Pine Bush Area Ambulance Corps ($164k), Mary Kilgour Cunningham Stephenson Leblond Foundation ($164k) and Gold Ribbon Riders Inc ($164k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $72k against liabilities of $500, net assets of $71k.