North Texas Karters Inc

Analysis

North Texas Karters Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in March 2020, 6 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 February 2024, North Texas Karters Inc reported income of $315k and spending of $194k, leaving 39% of income unspent that year. Across the 4 years on record, from February 2021 to February 2024, income grew from $235k to $315k (+34%), an average of +10% a year. The sharpest change came in the year to February 2024, when income rose by 45%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Texas Karters Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include High Peaks Alliance ($315k), Dodge County Youth Hockey Association Inc ($315k) and Grand Island Little League Inc ($315k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 64% and program service revenue 37% of the total. At year end it held assets of $565k against liabilities of $0, net assets of $565k.