GPL Polo Club Inc

Analysis

GPL Polo Club Inc is a registered charity in United States, based in Wellington, FL. It received its IRS tax-exemption ruling in March 2016, 10 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, GPL Polo Club Inc reported income of $325k and spending of $364k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $325k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 237%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, GPL Polo Club Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Mulligans Hollow Ski Bowl Association ($325k), Far West Skiing Inc ($325k) and San Francisco Judo Institute ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $13k against liabilities of $58k, net assets of -$44k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.