Simply Sports Inc

Analysis

Simply Sports Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 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, Simply Sports Inc reported income of $574k and spending of $771k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $945k to $574k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Simply Sports Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Monterey County Soccer League ($574k), Desert Elite Mavericks ($574k) and North Okc Soccer Club Inc ($573k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $259k (34% of expenses). Other salaries and wages came to $319k. At year end it held assets of $82k against liabilities of $152k, net assets of -$69k. It reported 24 employees.