Brooklyn USA Sports Assn Inc

Analysis

Brooklyn USA Sports Assn Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 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 (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, Brooklyn USA Sports Assn Inc reported income of $245k and spending of $293k, spending 120% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $98k to $245k (+151%), an average of +58% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 121% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brooklyn USA Sports Assn Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include South Shore Soccer League Inc ($245k), Bridge Outreach Center ($245k) and Illinois Kids Wrestling Federation ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $4,886 against liabilities of $254k, net assets of -$249k.

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.