Nasa Tophat Inc

Analysis

Nasa Tophat Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in November 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 June 2024, Nasa Tophat Inc reported income of $8.0m and spending of $7.7m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.4m to $8.0m (+83%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nasa Tophat Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Richmond Strikers Soccer Club Inc ($8.0m), Every Kid Sports ($8.0m) and Maccabi USA Inc ($7.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. At year end it held assets of $6.7m against liabilities of $3.7m, net assets of $3.0m. It reported 18 employees.