Vero Beach Duplicate Bridge Club Inc

Analysis

Vero Beach Duplicate Bridge Club Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in December 2020, 6 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 September 2023, Vero Beach Duplicate Bridge Club Inc reported income of $454k and spending of $338k, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $488k to $454k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to September 2023, when income rose by 51%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vero Beach Duplicate Bridge Club Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Broomstones Inc ($453k), Nebraska State Fair 1868 Foundation ($454k) and Idaho Youth Golf Association Inc ($453k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $111k. At year end it held assets of $1.7m against liabilities of $110k, net assets of $1.6m. It reported 3 employees.