Igor Klener Memorial Corp

Analysis

Igor Klener Memorial Corp is a registered charity in United States, based in Florham Park, NJ. It received its IRS tax-exemption ruling in April 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 December 2023, Igor Klener Memorial Corp reported income of $82k and spending of $3,848, leaving 95% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $82k (+9.5%), an average of +9.5% a year. Over the whole period it spent 49% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Igor Klener Memorial Corp sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Huskies Sports Foundation Inc ($82k), Waldwick Baseball Assocoation ($82k) and Midlothian Athletic Association Inc ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.