Reno Snaffle Bit Futurity

Analysis

Reno Snaffle Bit Futurity is a registered charity in United States, based in Kingsburg, CA. It received its IRS tax-exemption ruling in October 2018, 8 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, Reno Snaffle Bit Futurity reported income of $823k and spending of $754k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $940k to $823k (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Reno Snaffle Bit Futurity sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Warriors Baseball Club of Michigan ($823k), Mammoth Amateur Hockey Association ($824k) and Christian Retreat Center ($823k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $154k against liabilities of $34k, net assets of $120k.