Creeds Athletic Association

Analysis

Creeds Athletic Association is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in March 2010, 16 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 January 2024, Creeds Athletic Association reported income of $122k and spending of $68k, leaving 44% of income unspent that year. Across the 2 years on record, from January 2023 to January 2024, income grew from $78k to $122k (+56%), an average of +56% a year. The sharpest change came in the year to January 2024, when income rose by 56%. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Creeds Athletic Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Tuf All-Stars Inc ($122k), Skate DSM ($122k) and Rootstock Racing ($122k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 6.4% and program service revenue 60% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.