Sports Konnect Inc

Analysis

Sports Konnect Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 April 2024, Sports Konnect Inc reported income of $160k and spending of $157k, spending 98% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $55k to $160k (+192%), an average of +31% a year. The sharpest change came in the year to April 2024, when income rose by 50%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sports Konnect Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Be Your Own Hero Inc ($160k), Excellence & Ambition Inc ($160k) and Trinity Woods Inc ($160k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (24% of expenses). At year end it held assets of $9,753 against liabilities of $0, net assets of $9,753.