Comet Athletic Boosters

Analysis

Comet Athletic Boosters is a registered charity in United States, based in Amherst, OH. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Comet Athletic Boosters reported income of $237k and spending of $225k, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $306k to $237k (-23%), an average of -6.2% a year. The sharpest change came in the year to July 2022, when income rose by 58%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Comet Athletic Boosters sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Minocqua Forest Riders Snowmobile Club Inc ($237k), Union Grove Broncos Shooting Club Inc ($237k) and Northern Nevada Aquatics Corp ($237k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 18% of the total. At year end it held assets of $210k against liabilities of $0, net assets of $210k.