Velo Amis

Analysis

Velo Amis is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Velo Amis reported income of $51k and spending of $48k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $51k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Velo Amis sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within DE. Charities of a similar size with the same main cause include East Hartford Hornets Youth Football and Cheerleading Orgraniz ($51k), Young Martial Artist Foundation ($51k) and Miracle League of Northwest Ohio ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.