Five1 Athletics Incorporated

Analysis

Five1 Athletics Incorporated is a registered charity in United States, based in Clio, MI. 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 December 2023, Five1 Athletics Incorporated reported income of $72k and spending of $75k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $336k to $72k (-79%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Five1 Athletics Incorporated sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Tualatin Hills Dive Club ($72k), Central New York Action Sports Inc ($72k) and Wake the World ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $17k against liabilities of $1,927, net assets of $15k.

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.