261 Fearless Inc

Analysis

261 Fearless Inc is a registered charity in United States, based in Flanders, NJ. It received its IRS tax-exemption ruling in June 2016, 10 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 May 2024, 261 Fearless Inc reported income of $640k and spending of $593k, spending 93% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $444k to $640k (+44%), an average of +9.6% a year. The sharpest change came in the year to May 2022, when income rose by 134%. 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, 261 Fearless Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include East Montgomery County Sports Association ($640k), World Cube Association ($641k) and Sanilac County 4-H Agricultural Society ($640k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 89% and program service revenue 2.6% of the total. At year end it held assets of $778k against liabilities of $0, net assets of $778k.