Texas Panhandle Youth Sports FNDTN

Analysis

Texas Panhandle Youth Sports FNDTN is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in March 2013, 13 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, Texas Panhandle Youth Sports FNDTN reported income of $511k and spending of $469k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $511k (+344%), an average of +45% a year. The sharpest change came in the year to December 2021, when income rose by 210%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Texas Panhandle Youth Sports FNDTN sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Rebels Softball Inc ($511k), Second Cycle Community Bicycle Shop ($511k) and Rex & Brody Foundation Inc ($510k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $87k. At year end it held assets of $582k against liabilities of $4,341, net assets of $578k.