Hereford Sportsplex Inc

Analysis

Hereford Sportsplex Inc is a registered charity in United States, based in Hereford, TX. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hereford Sportsplex Inc reported income of $770k and spending of $741k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $465k to $770k (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hereford Sportsplex Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Older Persons Action Group Inc ($770k), Jewish Center for Justice ($770k) and HT Ministries ($770k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $232k. At year end it held assets of $4.3m against liabilities of $429k, net assets of $3.9m. It reported 8 employees.