Randy Custis Memorial Fund

Analysis

Randy Custis Memorial Fund is a registered charity in United States, based in Nassawadox, VA. It received its IRS tax-exemption ruling in March 1998, 28 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, Randy Custis Memorial Fund reported income of $56k and spending of $42k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $59k to $56k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 156%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Randy Custis Memorial Fund sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Waterloo Valley Recreational Association Inc ($56k), Prairie Soccer Club ($56k) and Bearcat Wrestling Club Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.1% of the total. At year end it held assets of $548k against liabilities of $0, net assets of $548k.