FM Sports Baseball Club

Analysis

FM Sports Baseball Club is a registered charity in United States, based in Moore, OK. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, FM Sports Baseball Club reported income of $276k and spending of $370k, spending 134% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $188k to $276k (+46%), an average of +14% a year. The sharpest change came in the year to August 2023, when income rose by 102%. Over the whole period it spent 165% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FM Sports Baseball Club sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within OK. Charities of a similar size with the same main cause include Fairport Soccer Inc ($275k), Mr Youth Baseball Inc ($276k) and Williamsburg Boat Club ($275k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $47k (13% of expenses). At year end it held assets of $27k against liabilities of $468k, net assets of -$441k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.