Sportable Richmond Adaptive Sports and Recreation Inc

Analysis

Sportable Richmond Adaptive Sports and Recreation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Sportable Richmond Adaptive Sports and Recreation Inc reported income of $1.6m and spending of $1.2m, leaving 22% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $143k to $1.6m (+1001%), an average of +82% a year. The sharpest change came in the year to April 2020, when income rose by 372%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sportable Richmond Adaptive Sports and Recreation Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Thea Foundation ($1.6m), Dutchess Outreach Inc ($1.6m) and Because International Corp ($1.6m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $103k (8.3% of expenses). Other salaries and wages came to $530k. It paid $24k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $342k, net assets of $836k. It reported 23 employees.