Plano Sports Authority

Analysis

Plano Sports Authority is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in May 1974, 52 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 July 2023, Plano Sports Authority reported income of $13.5m and spending of $11.6m, spending 86% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $12.1m to $13.5m (+11%), an average of +2.6% a year. The sharpest change came in the year to July 2022, when income rose by 40%. 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, Plano Sports Authority sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Lakeshore Park Conservancy ($13.5m), Golden State Community Foundation ($13.5m) and True Friends ($13.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 10.0% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $332k (2.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $25.2m against liabilities of $14.1m, net assets of $11.1m. It reported 328 employees.