Sweeney Classic

Analysis

Sweeney Classic is a registered charity in United States, based in Countryside, IL. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Sweeney Classic reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $573k to $1.0m (+83%), an average of +13% a year. The sharpest change came in the year to May 2020, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sweeney Classic sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Light the Way Ministry ($1.0m), Better Billings Foundation ($1.0m) and Blind Vietnamese Children Foundation ($1.0m).

At year end it held assets of $18k against liabilities of $0, net assets of $18k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.