Kroenke Sports Charities Inc

Analysis

Kroenke Sports Charities Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Kroenke Sports Charities Inc reported income of $2.6m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.2m to $2.6m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 140%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kroenke Sports Charities Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Island Readers and Writers an Initiative for Maine Children ($2.6m), New England Center for Arts & Technology Inc ($2.6m) and Literacy Center of West Michigan ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $3.8m against liabilities of $95k, net assets of $3.7m.