Showdown Rodeo Inc

Analysis

Showdown Rodeo Inc is a registered charity in United States, based in Palmdale, CA. It received its IRS tax-exemption ruling in April 2005, 21 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 December 2023, Showdown Rodeo Inc reported income of $87k and spending of $103k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $276k to $87k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 74%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Showdown Rodeo Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Parkway Youth Travel Basketball Inc ($87k), Friends of Camp Kirkwood Inc ($87k) and Egg Harbor Township Bicycle Motocross Association ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.