Kingsway Elite Recreational Cheerleading Inc

Analysis

Kingsway Elite Recreational Cheerleading Inc is a registered charity in United States, based in Swedesboro, NJ. It received its IRS tax-exemption ruling in June 2022, 4 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 (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, Kingsway Elite Recreational Cheerleading Inc reported income of $85k and spending of $132k, spending 155% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $138k to $85k (-38%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. 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, Kingsway Elite Recreational Cheerleading Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Broncbuster Athletic Association ($85k), Cedarbrook Camp of Ohio ($85k) and Mason Dixon Soccer League Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.