Proscholars Athletics

Analysis

Proscholars Athletics is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 2015, 11 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 August 2023, Proscholars Athletics reported income of $508k and spending of $245k, leaving 52% of income unspent that year. Across the 3 years on record, from August 2019 to August 2023, income grew from $425k to $508k (+20%), an average of +9.4% a year. The sharpest change came in the year to August 2023, when income rose by 151%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Proscholars Athletics sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include San Diego Mountain Biking Association ($508k), Dayton Hockey Association ($509k) and Prime Time Day Camp Inc ($508k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (16% of expenses). At year end it held assets of $412k against liabilities of $6,518, net assets of $406k. It reported 1 employees.