Sports Quest Inc

Analysis

Sports Quest Inc is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in June 2002, 24 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 December 2023, Sports Quest Inc reported income of $464k and spending of $361k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $226k to $464k (+105%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sports Quest Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Byers Roseville Gymnastics Club ($464k), Northeast Oklahoma Futball Club ($464k) and Raleigh Tennis Association ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $219k. At year end it held assets of $316k against liabilities of $0, net assets of $316k. It reported 3 employees.