North Iredell Recreation Club

Analysis

North Iredell Recreation Club is a registered charity in United States, based in Olin, NC. It received its IRS tax-exemption ruling in February 2022, 4 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 April 2024, North Iredell Recreation Club reported income of $58k and spending of $48k, spending 83% of its income. Across the 4 years on record, from April 2021 to April 2024, income grew from $53k to $58k (+8.9%), an average of +2.9% a year. The sharpest change came in the year to April 2023, when income rose by 68%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Iredell Recreation Club sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Miss Rodeo Iowa Corporation ($58k), SLZGSL Inc ($58k) and Living Legends of Auto Racing Inc ($58k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $11k. At year end it held assets of $47k against liabilities of $0, net assets of $47k. It reported 6 employees.