M&n Sports Inc

Analysis

M&n Sports Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 2007, 19 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, M&n Sports Inc reported income of $1.8m and spending of $1.9m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, M&n Sports Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Truckee Meadows Parks Foundation ($1.8m), Monroe County Fair Association ($1.8m) and Orange County Youth Sportsassociation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $338k (17% of expenses). Other salaries and wages came to $976k. At year end it held assets of $1.4m against liabilities of $507k, net assets of $894k.