Arizona Dragon Boat Association

Analysis

Arizona Dragon Boat Association is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in July 2003, 23 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 May 2023, Arizona Dragon Boat Association reported income of $71k and spending of $92k, spending 129% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $101k to $71k (-30%), an average of -30% a year. The sharpest change came in the year to May 2023, when income dropped by 30%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Arizona Dragon Boat Association sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within AZ. Charities of a similar size with the same main cause include Silicon Valley Girls Softballleague ($71k), Plano Youth Tackle Football Cheer ($71k) and Wells 20 Foundation Inc ($71k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $199k against liabilities of $0, net assets of $199k.