Greater Louisville Sports Commission

Analysis

Greater Louisville Sports Commission is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2001, 25 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 June 2023, Greater Louisville Sports Commission reported income of $1.6m and spending of $1.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.6m (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Louisville Sports Commission sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Bears Tail Basketball ($1.6m), Pine Island Camp Inc ($1.6m) and Audubon Recreation Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $263k (17% of expenses). Other salaries and wages came to $361k. At year end it held assets of $556k against liabilities of $328k, net assets of $227k. It reported 8 employees.