Park Sharon Athletic Association Inc

Analysis

Park Sharon Athletic Association Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2003, 23 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 October 2023, Park Sharon Athletic Association Inc reported income of $252k and spending of $264k, spending 105% of its income. Across the 3 years on record, from November 2019 to October 2023, income grew from $241k to $252k (+4.4%), an average of +2.2% a year. The sharpest change came in the year to October 2023, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Park Sharon Athletic Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Lee-Mar Ranch Equine Center Inc ($252k), Tioga County Agricultural Association Inc ($252k) and Del Rio CC Foundation ($252k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.