Iowa Park Recreational Activities Club Inc

Analysis

Iowa Park Recreational Activities Club Inc is a registered charity in United States, based in Iowa Park, TX. It received its IRS tax-exemption ruling in September 1983, 43 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iowa Park Recreational Activities Club Inc reported income of $58k and spending of $55k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $75k to $58k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. 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, Iowa Park Recreational Activities Club Inc 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 23rd percentile within TX. Charities of a similar size with the same main cause include Skyway Marina District Inc ($58k), Dripping Springs Hi-Steppers Booster Club ($58k) and Folsom Baseball Club ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $22k (39% of expenses). Other salaries and wages came to $11k. At year end it held assets of $29k against liabilities of $1,634, net assets of $27k. It reported 7 employees.