Kent County Regional Sports Complex Corp

Analysis

Kent County Regional Sports Complex Corp is a registered charity in United States, based in Frederica, DE. It received its IRS tax-exemption ruling in May 2014, 12 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, Kent County Regional Sports Complex Corp reported income of $2.5m and spending of $3.0m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.5m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kent County Regional Sports Complex Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within DE. Charities of a similar size with the same main cause include Minnesota Thunder Academy ($2.5m), Arsenal Alliance Soccer Club ($2.5m) and Intentional Sports ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 69% of the total. Other salaries and wages came to $284k. At year end it held assets of $21.7m against liabilities of $21.2m, net assets of $486k. It reported 45 employees.