Malone Recreation Foundation Inc

Analysis

Malone Recreation Foundation Inc is a registered charity in United States, based in Malone, NY. It received its IRS tax-exemption ruling in July 2018, 8 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, Malone Recreation Foundation Inc reported income of $229k and spending of $158k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9,300 to $229k (+2360%), an average of +123% a year. The sharpest change came in the year to December 2021, when income rose by 685%. Over the whole period it spent 42% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Malone Recreation Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Sacramento Valley BMX ($229k), Van Alstyne Sports Authority Inc ($229k) and Bowling Green Youth Hockey Association ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $313k against liabilities of $0, net assets of $313k.