Playsmart Inc

Analysis

Playsmart Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in July 1999, 27 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, Playsmart Inc reported income of $119k and spending of $69k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $116k to $119k (+2.2%), an average of +0.7% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Playsmart Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Lightning Lacrosse Club Incorporated ($119k), Wrangell Golf Club Inc ($119k) and Kindersport Foundation Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 115% of the total. At year end it held assets of $112k against liabilities of $0, net assets of $112k.