Olney Boys and Girls Community Sports Association Inc

Analysis

Olney Boys and Girls Community Sports Association Inc is a registered charity in United States, based in Olney, MD. It received its IRS tax-exemption ruling in April 1969, 57 years ago. 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 July 2023, Olney Boys and Girls Community Sports Association Inc reported income of $3.8m and spending of $3.0m, spending 81% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.8m to $3.8m (+37%), an average of +8.2% a year. The sharpest change came in the year to July 2022, when income rose by 60%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olney Boys and Girls Community Sports Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include National Interscholastic Athletic Administrators Association ($3.8m), National Black Caucus of State Legislators ($3.8m) and Mi Management Inc ($3.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 24% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $135k (4.4% of expenses). Other salaries and wages came to $441k. At year end it held assets of $10.0m against liabilities of $2.5m, net assets of $7.5m. It reported 95 employees.