Cede Sports

Analysis

Cede Sports is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Cede Sports reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $800k to $1.4m (+74%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cede Sports sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Narrow Path ($1.4m), Dominican Advance Inc ($1.4m) and Center for Independence ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $202k (15% of expenses). Other salaries and wages came to $403k. At year end it held assets of $235k against liabilities of $19k, net assets of $216k. It reported 17 employees.