Pe3 Athletics Inc

Analysis

Pe3 Athletics Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pe3 Athletics Inc reported income of $149k and spending of $161k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $265k to $149k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pe3 Athletics Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include St Vincent Depaul Society of Hancock County Inc ($149k), Kidspark ($149k) and Alcor Endowment TR Supporting Organization 10142013 ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.

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.