USA Team Handball

Analysis

USA Team Handball is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in September 2005, 21 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, USA Team Handball reported income of $585k and spending of $729k, spending 125% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $513k to $585k (+14%), an average of +2.7% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, USA Team Handball 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 70th percentile within CO. Charities of a similar size with the same main cause include USA Swimming Inc ($584k), Alabama Scenic River Trail Inc ($585k) and Youth Tennis Advantage ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $97k (13% of expenses). Other salaries and wages came to $67k. At year end it held assets of $89k against liabilities of $28k, net assets of $62k. It reported 4 employees.