Algonquin Sports Inc

Analysis

Algonquin Sports Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Algonquin Sports Inc reported income of $162k and spending of $143k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $668k to $162k (-76%), an average of -38% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Algonquin Sports Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Lancaster Youth Football and Cheer Inc ($162k), The Cedarmore Corporation ($163k) and Ryan Palmer Foundation ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $18k, net assets of $43k.