Somerset Recreation Club

Analysis

Somerset Recreation Club is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in April 2017, 9 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 September 2023, Somerset Recreation Club reported income of $452k and spending of $309k, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $207k to $452k (+118%), an average of +22% a year. The sharpest change came in the year to September 2021, when income rose by 117%. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Somerset Recreation Club sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Cup O Joy Ministries Inc ($452k), Colorado Lions Camp Inc ($453k) and Strive How to Lead Matters Inc ($452k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 43% of the total. Other salaries and wages came to $103k. At year end it held assets of $716k against liabilities of $98k, net assets of $618k. It reported 37 employees.