South Wake Storm Youth Sports Association

Analysis

South Wake Storm Youth Sports Association is a registered charity in United States, based in Fuquay Varina, NC. It received its IRS tax-exemption ruling in April 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, South Wake Storm Youth Sports Association reported income of $128k and spending of $154k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $128k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, South Wake Storm Youth Sports Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include LA Open Table Tennis ($128k), Lancaster Select Soccer Association Inc ($128k) and Chris Craft Antique Boat Club Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 68% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.