Akron Sports Inc

Analysis

Akron Sports Inc is a registered charity in United States, based in Akron, NY. It received its IRS tax-exemption ruling in June 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 December 2023, Akron Sports Inc reported income of $63k and spending of $33k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $63k (+151%), an average of +151% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Akron Sports Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Catholic Youth Organization ($63k), PTA Colorado Congress ($63k) and Sunnyvale Historical Society and Museum Association Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.