Steamboat Training Adaptive Recreational Sports

Analysis

Steamboat Training Adaptive Recreational Sports is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Steamboat Training Adaptive Recreational Sports reported income of $2.3m and spending of $2.2m, spending 94% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $1.1m to $2.3m (+103%), an average of +19% a year. The sharpest change came in the year to April 2023, when income rose by 25%. 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, Steamboat Training Adaptive Recreational Sports sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($2.3m), Century United of Pittsburgh Football Club ($2.3m) and Atlanta Youth Soccer Association Inc ($2.3m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 40% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $119k (5.4% of expenses). Other salaries and wages came to $759k. At year end it held assets of $6.5m against liabilities of $45k, net assets of $6.4m. It reported 31 employees.