Bob Hayes Invitational Track Meet Inc

Analysis

Bob Hayes Invitational Track Meet Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 2002, 24 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 September 2023, Bob Hayes Invitational Track Meet Inc reported income of $268k and spending of $285k, spending 106% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income grew from $111k to $268k (+143%), an average of +34% a year. The sharpest change came in the year to September 2022, when income rose by 212%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bob Hayes Invitational Track Meet Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Friends of the Legacy Trail Inc ($268k), Cedar Park High School Football Booster Club ($268k) and Minnesota Schoolgirls Lacrosse Association ($268k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $30k against liabilities of $5,000, net assets of $25k.