Fort Madison Sports Complex Inc

Analysis

Fort Madison Sports Complex Inc is a registered charity in United States, based in Fort Madison, IA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Fort Madison Sports Complex Inc reported income of $273k and spending of $404k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $338k to $273k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 198% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fort Madison Sports Complex Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Native American Youth Ministries ($273k), Sudbury Youth Basketball ($273k) and Try Pie ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 34% of the total. Other salaries and wages came to $117k. At year end it held assets of $2.1m against liabilities of $262k, net assets of $1.9m. It reported 17 employees.

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.