Top of the Key Foundation Inc

Analysis

Top of the Key Foundation Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in March 1995, 31 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 December 2023, Top of the Key Foundation Inc reported income of $257k and spending of $184k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $121k to $257k (+111%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Top of the Key Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within GA. Charities of a similar size with the same main cause include Mt Vernon Adult Athletic Boosters Inc ($257k), Katy Girls Softball Inc ($257k) and Valley City Baseball Association ($257k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $48k (26% of expenses). Other salaries and wages came to $11k. At year end it held assets of $78k against liabilities of $0, net assets of $78k. It reported 3 employees.