United States Hang Gliding and Paragliding Association

Analysis

United States Hang Gliding and Paragliding Association is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in April 1998, 28 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, United States Hang Gliding and Paragliding Association reported income of $1.8m and spending of $1.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.8m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Hang Gliding and Paragliding Association sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Ionia Free Fair Association ($1.8m), Crystal Lake Soccer Federation ($1.8m) and Connecticut Junior Soccer Association Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $152k (9.1% of expenses). Other salaries and wages came to $218k. At year end it held assets of $2.9m against liabilities of $706k, net assets of $2.2m. It reported 8 employees.