Corporation for the Promotion of Rifle Practice and Firearms Safety

Analysis

Corporation for the Promotion of Rifle Practice and Firearms Safety is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in May 2006, 20 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 September 2023, Corporation for the Promotion of Rifle Practice and Firearms Safety reported income of $46.9m and spending of $34.5m, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.7m to $46.9m (+90%), an average of +17% a year. The sharpest change came in the year to September 2022, when income rose by 37%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Corporation for the Promotion of Rifle Practice and Firearms Safety sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Earth Day Texas Inc ($43.2m), Peach Bowl Inc ($47.4m) and USA Volleyball ($42.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $865k (2.5% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $323.2m against liabilities of $3.1m, net assets of $320.1m. It reported 256 employees.