Rockford BMX Club Inc

Analysis

Rockford BMX Club Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in April 1994, 32 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, Rockford BMX Club Inc reported income of $266k and spending of $193k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $276k to $266k (-3.8%), an average of -1.9% a year. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rockford BMX Club Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Sugarloaf Ski Club ($265k), Lake Side Elite ($266k) and El Pasos Miracle League ($265k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. Compensation of current officers, directors and key employees was $25k (13% of expenses). Other salaries and wages came to $16k. At year end it held assets of $526k against liabilities of $553, net assets of $526k. It reported 5 employees.