Forest Athletic Club Newcorp Inc

Analysis

Forest Athletic Club Newcorp Inc is a registered charity in United States, based in Mount Calvary, WI. It received its IRS tax-exemption ruling in March 2017, 9 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, Forest Athletic Club Newcorp Inc reported income of $330k and spending of $39k, leaving 88% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $330k (+294%), an average of +294% a year. The sharpest change came in the year to December 2023, when income rose by 294%. Over the whole period it spent 16% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Forest Athletic Club Newcorp 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 63rd percentile within WI. Charities of a similar size with the same main cause include Verona Area Soccer Club Inc ($329k), Iowa Blitz Fastpitch Inc ($330k) and Western Harnett Youth Recreation ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 2.7% of the total. At year end it held assets of $533k against liabilities of $0, net assets of $533k.