Sophie and Madigans Playground Inc

Analysis

Sophie and Madigans Playground Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Sophie and Madigans Playground Inc reported income of $129k and spending of $14k, leaving 89% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income fell from $488k to $129k (-73%), an average of -74% a year. The sharpest change came in the year to March 2024, when income dropped by 73%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sophie and Madigans Playground Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Lancaster Soap Box Derby Inc ($129k), Zen & Kongfu Association Inc ($129k) and C & H Athletic Association Inc ($129k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 156% of the total. At year end it held assets of $338k against liabilities of $0, net assets of $338k.