Cape Cod Challenger Club Inc

Analysis

Cape Cod Challenger Club Inc is a registered charity in United States, based in Osterville, MA. It received its IRS tax-exemption ruling in May 2006, 20 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, Cape Cod Challenger Club Inc reported income of $186k and spending of $219k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $186k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 116% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cape Cod Challenger Club Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include California Youth Shooting Sports Association Inc ($186k), Providence Landing Park Association ($186k) and Adaptive Surf Project ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $52k (24% of expenses). Other salaries and wages came to $27k. At year end it held assets of $66k against liabilities of $119k, net assets of -$53k. It reported 5 employees.

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.