Thorobred Nautical Team Parent Association Inc

Analysis

Thorobred Nautical Team Parent Association Inc is a registered charity in United States, based in Versailles, KY. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Thorobred Nautical Team Parent Association Inc reported income of $75k and spending of $73k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $75k (+11%), an average of +11% a year. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Thorobred Nautical Team Parent Association Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include Liberty Youth Baseball Inc ($75k), Chris Hammond Youth Foundation ($75k) and TJ Hunt Memorial Fund ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. At year end it held assets of $2,747 against liabilities of $0, net assets of $2,747.