Mid-Atlantic Soaring Association Incorporated

Analysis

Mid-Atlantic Soaring Association Incorporated is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in May 2009, 17 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 December 2023, Mid-Atlantic Soaring Association Incorporated reported income of $124k and spending of $146k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $136k to $124k (-8.6%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mid-Atlantic Soaring Association Incorporated sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Buna Little League 3431207 ($124k), Stumptown VBC ($124k) and Langdon Area Baseball Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 110% of the total. At year end it held assets of $617k against liabilities of $135k, net assets of $482k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.