Scholastic Archery Association Corporation

Analysis

Scholastic Archery Association Corporation is a registered charity in United States, based in Williamsburg, KY. It received its IRS tax-exemption ruling in October 2016, 10 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 2022, Scholastic Archery Association Corporation reported income of $492k and spending of $484k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $523k to $492k (-6.0%), an average of -2.0% a year. 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, Scholastic Archery Association Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Southern California Intercollegiate Athletic Conference ($492k), Capistrano Boxing Gym ($492k) and Heartland Collegiate Athletic Conference ($491k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $82k (17% of expenses). Other salaries and wages came to $110k. At year end it held assets of $203k against liabilities of $13k, net assets of $190k. It reported 6 employees.