Piedmont Area Soap Box Derby Foundation

Analysis

Piedmont Area Soap Box Derby Foundation is a registered charity in United States, based in Brandy Sta, VA. It received its IRS tax-exemption ruling in March 2005, 21 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 December 2023, Piedmont Area Soap Box Derby Foundation reported income of $55k and spending of $68k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $55k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Piedmont Area Soap Box Derby Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Achs Gopack Boosters ($55k), Wyoming Disabled Hunters Inc ($55k) and Warriors Lax Boosters Corporation ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 83% of the total. At year end it held assets of $134k against liabilities of $0, net assets of $134k.