Krewe of Olympus-Texas Inc

Analysis

Krewe of Olympus-Texas Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1993, 33 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 March 2024, Krewe of Olympus-Texas Inc reported income of $83k and spending of $110k, spending 133% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $133k to $83k (-38%), an average of -9.0% a year. The sharpest change came in the year to March 2022, when income rose by 310%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Krewe of Olympus-Texas Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include New Buffalo Rod & Gun Club ($83k), Little League Baseball Inc ($83k) and GMHS As1 Football Boosters ($83k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 82% and program service revenue 7.6% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.