SRQ BMX Inc

Analysis

SRQ BMX Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 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 December 2023, SRQ BMX Inc reported income of $62k and spending of $100k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $31k to $62k (+99%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, SRQ BMX Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Fairbanks Womens Hockey Association ($62k), Little League Baseball Inc ($62k) and Appleton Lacrosse Club ($62k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $22k against liabilities of $26k, net assets of -$4,208.