Universal Sports and Academics Inc

Analysis

Universal Sports and Academics Inc is a registered charity in United States, based in Waldorf, MD. It received its IRS tax-exemption ruling in September 2010, 16 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, Universal Sports and Academics Inc reported income of $1.0m and spending of $1.1m, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.0m to $1.0m (+2.4%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Universal Sports and Academics Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Berkeley Chess School ($1.0m), Salle Auriol Seattle Inc ($1.0m) and East Side Youth Sports Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $195k (18% of expenses). Other salaries and wages came to $404k. At year end it held assets of $449k against liabilities of $263k, net assets of $187k. It reported 60 employees.