Silver Lake Youth Cheerleading Inc

Analysis

Silver Lake Youth Cheerleading Inc is a registered charity in United States, based in Kingston, MA. It received its IRS tax-exemption ruling in October 2023, 3 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 December 2023, Silver Lake Youth Cheerleading Inc reported income of $69k and spending of $70k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26k to $69k (+163%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 234%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Silver Lake Youth Cheerleading Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Morning Star Outreach ($69k), Edwardsville Arts Center ($69k) and Fondy Junior Football League Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.2% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.