Playgroundnyc Inc

Analysis

Playgroundnyc Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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, Playgroundnyc Inc reported income of $348k and spending of $392k, spending 113% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $203k to $348k (+72%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Playgroundnyc Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Nashville Rowing Club ($348k), Pelada Football Academy ($348k) and Dickson City Recreation Authority ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $82k (21% of expenses). Other salaries and wages came to $220k. At year end it held assets of $302k against liabilities of $15k, net assets of $287k. It reported 16 employees.