Streaks Cheer Club

Analysis

Streaks Cheer Club is a registered charity in United States, based in Washington, NJ. It received its IRS tax-exemption ruling in October 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, Streaks Cheer Club reported income of $109k and spending of $94k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $109k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Streaks Cheer Club sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Mentor Soccer Club ($109k), Oceanside Youth Hockey Club Inc ($109k) and San Carlos Youth Softball Association Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 20% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.