Spearhead Corporation

Analysis

Spearhead Corporation is a registered charity in United States, based in Spearman, TX. It received its IRS tax-exemption ruling in May 1990, 36 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, Spearhead Corporation reported income of $175k and spending of $220k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $264k to $175k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spearhead Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Hudson Raider Shooting Club Inc ($175k), Huntingburg Golf Foundation Inc ($175k) and Palisades Tahoe Community Foundation ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $51k (23% of expenses). Other salaries and wages came to $50k. At year end it held assets of $955k against liabilities of $4,787, net assets of $950k. It reported 13 employees.