Cera Sports Corporation

Analysis

Cera Sports Corporation is a registered charity in United States, based in Columbus, IN. It received its IRS tax-exemption ruling in October 2011, 15 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, Cera Sports Corporation reported income of $3.2m and spending of $3.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.2m (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cera Sports Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Clay County Fair Association Inc ($3.2m), Destination Science Education for Every Child ($3.2m) and Boys & Girls Clubs of the Corridor ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $175k (5.9% of expenses). Other salaries and wages came to $803k. At year end it held assets of $4.6m against liabilities of $3.1m, net assets of $1.5m. It reported 126 employees.