Academy Sports of Long Island Inc

Analysis

Academy Sports of Long Island Inc is a registered charity in United States, based in Seaford, NY. It received its IRS tax-exemption ruling in September 2016, 10 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, Academy Sports of Long Island Inc reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $892k to $1.2m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Academy Sports of Long Island Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Boerne Soccer Club Inc ($1.2m), Tennessee Aquatics Inc ($1.2m) and Go St Louis ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $130k. At year end it held assets of $326k against liabilities of $63k, net assets of $263k. It reported 6 employees.