Pride Athletic Club Inc

Analysis

Pride Athletic Club Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1993, 33 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 2021, Pride Athletic Club Inc reported income of $109k and spending of $73k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $111k to $109k (-1.2%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 516%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pride Athletic Club Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Walnut Country Swim Team ($109k), Bandits Lacrosse Club Inc ($109k) and Sri Chinmoy Oneness Home Peace Run Inc ($109k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 39% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.