Tangier Classic Inc

Analysis

Tangier Classic Inc is a registered charity in United States, based in Hebron, MD. It received its IRS tax-exemption ruling in May 2021, 5 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, Tangier Classic Inc reported income of $132k and spending of $129k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $130k to $132k (+1.1%), an average of +1.1% a year. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tangier Classic Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Attleboro Youth Basketball Association Inc ($132k), Christian Homeschool Sports Ministries ($132k) and Juanita Rebel Booster Club ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.