Porter Ridge Atheltic Association

Analysis

Porter Ridge Atheltic Association is a registered charity in United States, based in Indian Trail, NC. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2023, Porter Ridge Atheltic Association reported income of $261k and spending of $315k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $254k to $261k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 127%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Porter Ridge Atheltic Association 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 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Evergreen Swim Team Inc ($261k), Richfield Youth Baseball and Softball Association Inc ($261k) and Greater Toledo Aquatic Club ($261k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 95% of the total. At year end it held assets of $292k against liabilities of $0, net assets of $292k.