Central Intercollegiate Athletic Assn

Analysis

Central Intercollegiate Athletic Assn is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1953, 73 years ago. 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 June 2023, Central Intercollegiate Athletic Assn reported income of $6.3m and spending of $6.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $6.3m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Intercollegiate Athletic Assn sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Society of St Vincent de Paul in the Archdiocese of Boston Inc ($6.3m), Eastern Area Health Education Center Inc ($6.3m) and National Church Residences ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 44% of the total. Other salaries and wages came to $905k. At year end it held assets of $2.2m against liabilities of $1.2m, net assets of $991k. It reported 13 employees.