Higher Power Sports

Analysis

Higher Power Sports is a registered charity in United States, based in Parkston, SD. It received its IRS tax-exemption ruling in June 2016, 10 years ago. 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, Higher Power Sports reported income of $64k and spending of $61k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $82k to $64k (-22%), an average of -12% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Higher Power Sports sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within SD. Charities of a similar size with the same main cause include Joe Alexander Scholarship Foundation ($64k), Juntos Collective Inc ($64k) and Association of Fundraising Professionals ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $1,515. At year end it held assets of $19k against liabilities of $0, net assets of $19k. It reported 1 employees.