Madisonville Tradewater Pirates LLC

Analysis

Madisonville Tradewater Pirates LLC is a registered charity in United States, based in Madisonville, KY. It received its IRS tax-exemption ruling in April 2018, 8 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 December 2023, Madisonville Tradewater Pirates LLC reported income of $80k and spending of $75k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $80k (+13%), an average of +13% a year. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Madisonville Tradewater Pirates LLC sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within KY. Charities of a similar size with the same main cause include Rhode Island Amateur Hockey Association ($80k), Mukwonago Tribe Baseball Club Inc ($80k) and Masterson Equestrian Trust Foundation Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $40k against liabilities of $1,895, net assets of $38k.