1012 Sports Inc

Analysis

1012 Sports Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, 1012 Sports Inc reported income of $552k and spending of $527k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $552k (+156%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 1012 Sports Inc 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 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Dwell Global ($551k), Tim Sheets Ministries Inc ($552k) and Joan Murray Ministries ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (20% of expenses). Other salaries and wages came to $182k. At year end it held assets of $463k against liabilities of $239, net assets of $463k. It reported 22 employees.