Theodore Athletic Corporation

Analysis

Theodore Athletic Corporation is a registered charity in United States, based in Theodore, AL. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Theodore Athletic Corporation reported income of $82k and spending of $99k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $82k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theodore Athletic Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within AL. Charities of a similar size with the same main cause include Legatus ($82k), East Benton County Historical Society ($82k) and Capable Partners Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.5% of the total. At year end it held assets of $170k against liabilities of $0, net assets of $170k.