Peninsula Oilers Baseball Club Inc

Analysis

Peninsula Oilers Baseball Club Inc is a registered charity in United States, based in Kenai, AK. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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, Peninsula Oilers Baseball Club Inc reported income of $323k and spending of $342k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $219k to $323k (+48%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peninsula Oilers Baseball Club Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within AK. Charities of a similar size with the same main cause include Fright Haven Haunt Inc ($323k), Good Knights Inc ($323k) and Community Mental Health Corp ($323k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $22k (6.5% of expenses). Other salaries and wages came to $54k. At year end it held assets of $217k against liabilities of $132k, net assets of $85k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.