World Sports Inc

Analysis

World Sports Inc is a registered charity in United States, based in Bonita Springs, FL. It received its IRS tax-exemption ruling in January 1983, 43 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, World Sports Inc reported income of $2.4m and spending of $2.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.4m (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, World Sports Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Bavarian United Soccer Club Inc ($2.3m), Sky Tavern ($2.4m) and Parkette National Gymnastic Team Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.7% of the total. Other salaries and wages came to $176k. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.