Homestead Rodeo Association Inc

Analysis

Homestead Rodeo Association Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in January 2025. 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 May 2023, Homestead Rodeo Association Inc reported income of $629k and spending of $427k, leaving 32% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $212k to $629k (+197%), an average of +31% a year. The sharpest change came in the year to May 2022, when income rose by 3014%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Homestead Rodeo Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Allen County Fairgrounds Inc ($629k), Camp Stanislaus Inc ($630k) and Youth Sports Program ($629k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $569k against liabilities of $4,691, net assets of $564k.