Genoa Athletic Boosters

Analysis

Genoa Athletic Boosters is a registered charity in United States, based in Genoa, OH. It received its IRS tax-exemption ruling in March 2017, 9 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, Genoa Athletic Boosters reported income of $64k and spending of $115k, spending 180% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $64k (+159%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 219% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Genoa Athletic Boosters 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 25th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Next Basketball Foundation ($64k), Romeoville Pony Baseball ($64k) and Ithaca Lacrosse Club ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $616k against liabilities of $0, net assets of $616k.

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.