Sports Event Development Fund

Analysis

Sports Event Development Fund is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sports Event Development Fund reported income of $460k and spending of $28k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $460k (+116%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 685%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sports Event Development Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($460k), Miami Ironworkers Local 272 Apprenticeship Training Program Fu ($461k) and Certified Development Corporation of South Carolina ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.