Springfield Sports Club Inc

Analysis

Springfield Sports Club Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in March 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 July 2023, Springfield Sports Club Inc reported income of $2.2m and spending of $5.5m, spending 252% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $614k to $2.2m (+259%), an average of +53% a year. The sharpest change came in the year to July 2021, when income rose by 273%. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Springfield Sports Club Inc 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 85th percentile within MO. Charities of a similar size with the same main cause include Titan Mercury Wrestling Club Inc ($2.2m), Holt-Elwell Memorial Foundation ($2.2m) and Camp Grier ($2.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $78k (1.4% of expenses). Other salaries and wages came to $202k. At year end it held assets of $3.3m against liabilities of $286k, net assets of $3.1m. It reported 7 employees.