Spanish Springs High School Rodeo Team

Analysis

Spanish Springs High School Rodeo Team is a registered charity in United States, based in Sparks, NV. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spanish Springs High School Rodeo Team reported income of $64k and spending of $50k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $64k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spanish Springs High School Rodeo Team sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 28th percentile within NV. Charities of a similar size with the same main cause include East Limestone Athletic Association ($64k), Players Committee Inc ($64k) and Crusader Gridiron Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.