Nycrtc

Analysis

Nycrtc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in December 2020, 6 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, Nycrtc reported income of $579k and spending of $561k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $399k to $579k (+45%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nycrtc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Keweenaw Trails Services Inc ($579k), The Optimist Club of Deep River - Northview North Carolina ($580k) and Hydra Aquatics Inc ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $172k (31% of expenses). Other salaries and wages came to $23k. At year end it held assets of $69k against liabilities of $24, net assets of $69k. It reported 3 employees.