New Port Club of Vero Beach Inc

Analysis

New Port Club of Vero Beach Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in February 1985, 41 years ago. 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, New Port Club of Vero Beach Inc reported income of $121k and spending of $105k, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $58k to $121k (+107%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Port Club of Vero Beach Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Child Assistance Resource and Education Team Inc ($121k), PTA California Congress of Parents Teachers & Students Inc ($121k) and Volunteers of America Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $35k. At year end it held assets of $753k against liabilities of $33k, net assets of $720k. It reported 5 employees.