Club Sports of North Texas Inc

Analysis

Club Sports of North Texas Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in March 1994, 32 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 August 2023, Club Sports of North Texas Inc reported income of $524k and spending of $636k, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.2m to $524k (-55%), an average of -18% a year. The sharpest change came in the year to August 2022, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Club Sports of North Texas Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Damascus Sports Association Inc ($524k), New Jersey Fencing Alliance Inc ($524k) and Footbal Club of Evansville Inc ($524k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $144k. At year end it held assets of $454k against liabilities of $33k, net assets of $421k. It reported 8 employees.