Allen Sports Association Inc

Analysis

Allen Sports Association Inc is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in July 1993, 33 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, Allen Sports Association Inc reported income of $2.4m and spending of $1.9m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allen Sports Association Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Senior Center Incorporated ($2.4m), Ranching Heritage Association ($2.4m) and ACLU Foundation of San Diego and Imperial Counties Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $94k (4.9% of expenses). Other salaries and wages came to $360k. At year end it held assets of $6.0m against liabilities of $565k, net assets of $5.5m. It reported 11 employees.