Cannons Baseball Inc

Analysis

Cannons Baseball Inc is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in June 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, Cannons Baseball Inc reported income of $143k and spending of $131k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $143k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cannons Baseball Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Central Coast Youth Babe Ruth League ($143k), Eastern Panhandle Inter County Soccer Club ($143k) and Steiner Ranch Stars Swim Team ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 14% of the total. At year end it held assets of $41k against liabilities of $23k, net assets of $18k.