Topsail Ball Club Inc

Analysis

Topsail Ball Club Inc is a registered charity in United States, based in Hampstead, NC. It received its IRS tax-exemption ruling in May 2003, 23 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 2023, Topsail Ball Club Inc reported income of $95k and spending of $77k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $95k (+8.8%), an average of +8.8% a year. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Topsail Ball Club Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include North Carolina Ultra Running Association ($95k), Garner Community Center Inc ($95k) and Gilbert Youth Sports Inc ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $34k against liabilities of $450, net assets of $33k.