Express Sports Inc

Analysis

Express Sports Inc is a registered charity in United States, based in Ewing, NJ. It received its IRS tax-exemption ruling in June 1990, 36 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 September 2023, Express Sports Inc reported income of $461k and spending of $303k, leaving 34% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $371k to $461k (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2023, when income rose by 98%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Express Sports Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Yates Cultural & Recreational Resources Inc ($461k), Greater Seminole Babe Ruth Baseball League Inc ($461k) and Des Moines Water Works Park Foundation ($460k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Other salaries and wages came to $15k. At year end it held assets of $105k against liabilities of $412k, net assets of -$307k.