USA Federation for Sport Cheering

Analysis

USA Federation for Sport Cheering is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2021, 5 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 June 2023, USA Federation for Sport Cheering reported income of $2.4m and spending of $2.1m, spending 88% of its income. Across the 4 years on record, from December 2020 to June 2023, income grew from $932k to $2.4m (+160%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 91%. 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, USA Federation for Sport Cheering sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Aiken County Commission on Alcohol and Drug Abuse ($2.4m), Elim Shores Inc ($2.4m) and Ponderosa Pines Christian Camp Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $149k (7.0% of expenses). Other salaries and wages came to $333k. At year end it held assets of $1.8m against liabilities of $5.0m, net assets of -$3.2m. It reported 5 employees.