Petal Sports Association Inc

Analysis

Petal Sports Association Inc is a registered charity in United States, based in Petal, MS. It received its IRS tax-exemption ruling in March 2017, 9 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 October 2023, Petal Sports Association Inc reported income of $195k and spending of $204k, spending 105% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $220k to $195k (-12%), an average of -3.0% a year. The sharpest change came in the year to October 2020, when income rose by 23%. 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, Petal Sports Association Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within MS. Charities of a similar size with the same main cause include Honkamp Family Foundation ($195k), Duluth 709 Baseball Inc ($195k) and Mt Shasta Race Association ($195k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.