Sports Association of Gaithersburg Inc

Analysis

Sports Association of Gaithersburg Inc is a registered charity in United States, based in Urbana, MD. It received its IRS tax-exemption ruling in November 2005, 21 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 June 2023, Sports Association of Gaithersburg Inc reported income of $60k and spending of $93k, spending 155% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $85k to $60k (-30%), an average of -30% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sports Association of Gaithersburg Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within MD. Charities of a similar size with the same main cause include Eaton Baseball Association ($60k), Blue Wave Aquatics ($60k) and Winslow Little League Inc ($60k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 92% of the total. At year end it held assets of $6,446 against liabilities of $0, net assets of $6,446.