Peninsula Sports Park Inc

Analysis

Peninsula Sports Park Inc is a registered charity in United States, based in Crystal Beach, TX. It received its IRS tax-exemption ruling in December 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 2022, Peninsula Sports Park Inc reported income of $67k and spending of $74k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $131k to $67k (-49%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 198%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Peninsula Sports Park Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Crystal Coast Full and Half Booty Triathlon Inc ($67k), Gamblers Fastpitch Inc ($67k) and VGSL Inc ($67k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.