Southwood Athletic Boosters Inc

Analysis

Southwood Athletic Boosters Inc is a registered charity in United States, based in Linwood, NC. It received its IRS tax-exemption ruling in December 2013, 13 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, Southwood Athletic Boosters Inc reported income of $86k and spending of $87k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $86k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southwood Athletic Boosters Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Friends of Teddy Ebersols Red Sox Fields Inc ($86k), VHS Boys Basketball Booster Club ($86k) and Ames High School Athletic Booster Club Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.