Long Beach Casting Club

Analysis

Long Beach Casting Club is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in February 1995, 31 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 March 2024, Long Beach Casting Club reported income of $74k and spending of $53k, leaving 29% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $60k to $74k (+23%), an average of +4.2% a year. The sharpest change came in the year to March 2021, when income rose by 128%. Over the whole period it spent 63% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Long Beach Casting Club 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 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Friends of the Parks of Pewaukee ($74k), Woodland Cal Ripken Youth Baseball League ($74k) and Soccer Advisory Committee of North Hempstead ($74k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 40% and program service revenue 55% of the total. At year end it held assets of $376k against liabilities of $3,557, net assets of $373k.