Heartland Sports Complex

Analysis

Heartland Sports Complex is a registered charity in United States, based in Tipton, IA. It received its IRS tax-exemption ruling in February 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 June 2021, Heartland Sports Complex reported income of $60k and spending of $64k, spending 108% of what it took in. Across the 2 years on record, from June 2020 to June 2021, income fell from $189k to $60k (-68%), an average of -68% a year. The sharpest change came in the year to June 2021, when income dropped by 68%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Heartland Sports Complex sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within IA. Charities of a similar size with the same main cause include East Aurora Swim Team Boosters Club Inc ($60k), Springfield Baseball Association ($60k) and Classic 8 Conference Inc ($60k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 8.2% and program service revenue 49% of the total. At year end it held assets of $1,000 against liabilities of $0, net assets of $1,000.