GHS Diamond Club Inc

Analysis

GHS Diamond Club Inc is a registered charity in United States, based in Riverside, CT. It received its IRS tax-exemption ruling in November 2022, 4 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 October 2023, GHS Diamond Club Inc reported income of $72k and spending of $80k, spending 111% of what it took in. Across the 3 years on record, from October 2021 to October 2023, income grew from $72k to $72k (+0.8%), an average of +0.4% a year. The sharpest change came in the year to October 2023, when income rose by 18%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, GHS Diamond Club Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within CT. Charities of a similar size with the same main cause include Windsor Parks and Recreation Foundation ($72k), Laporte Community Turbo Swim Club ($72k) and Rockford Youth Football Inc ($72k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.