Pfxa Inc

Analysis

Pfxa Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in December 2013, 13 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 September 2023, Pfxa Inc reported income of $421k and spending of $479k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $675k to $421k (-38%), an average of -11% a year. The sharpest change came in the year to September 2021, when income dropped by 42%. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pfxa Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Kyle Petty Charity Ride Trust Inc ($421k), Rebel Golf Foundation ($421k) and Orchard Park Soccer Club Inc ($420k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $80k. At year end it held assets of $58k against liabilities of $70k, net assets of -$12k. It reported 2 employees.