Sports Outreach Institute Inc

Analysis

Sports Outreach Institute Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Sports Outreach Institute Inc reported income of $2.8m and spending of $3.2m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.8m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sports Outreach Institute Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Paiges Supervised Community Living Inc ($2.8m), Des Moines Council of St Vincent de Paul Society ($2.9m) and Westport Associates ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $259k against liabilities of $187k, net assets of $72k. It reported 39 employees.