First State BMX Inc

Analysis

First State BMX Inc is a registered charity in United States, based in Milford, DE. It received its IRS tax-exemption ruling in June 2000, 26 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 December 2023, First State BMX Inc reported income of $88k and spending of $133k, spending 152% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $106k to $88k (-17%), an average of -8.8% a year. The sharpest change came in the year to December 2022, when income rose by 227%. Over the whole period it spent 55% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, First State BMX Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within DE. Charities of a similar size with the same main cause include Becker-Big Lake Ice Association ($88k), Vision Puerto Rico ($88k) and Immokalee Soccer Pit Cobras Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $311k against liabilities of $0, net assets of $311k.