Multisportmadness Kids Inc

Analysis

Multisportmadness Kids Inc is a registered charity in United States, based in Dundee, IL. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 October 2023, Multisportmadness Kids Inc reported income of $66k and spending of $75k, spending 115% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income fell from $78k to $66k (-16%), an average of -16% a year. The sharpest change came in the year to October 2023, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Multisportmadness Kids Inc 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 26th percentile, and in the 27th percentile within IL. Charities of a similar size with the same main cause include Famfa Inc ($66k), Buffalos Concerned for Youth Inc ($66k) and Trust for Youth and Child Leadership Tycl International Inc ($66k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $7,136 against liabilities of $1,150, net assets of $5,986.