Schaumburg Athletic Association

Analysis

Schaumburg Athletic Association is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in May 2001, 25 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, Schaumburg Athletic Association reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.1m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Schaumburg Athletic Association sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Northshore Youth Soccer Association ($2.1m), Vulcan Park Foundation ($2.1m) and Arizona Recreational Sports ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Other salaries and wages came to $86k. At year end it held assets of $1.4m against liabilities of $352k, net assets of $1.1m. It reported 3 employees.