CG Adventures International Inc

Analysis

CG Adventures International Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2011, 15 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 August 2023, CG Adventures International Inc reported income of $558k and spending of $1.2m, spending 224% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $796k to $558k (-30%), an average of -8.5% a year. The sharpest change came in the year to August 2021, when income rose by 92%. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, CG Adventures International Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Wahoo Aquatic Club Inc ($557k), USA Swimming Inc ($558k) and MN North Sports Inc ($557k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $439k against liabilities of $611k, net assets of -$172k. It reported 100 employees.