Iota All Sports Backers

Analysis

Iota All Sports Backers is a registered charity in United States, based in Iota, LA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Iota All Sports Backers reported income of $74k and spending of $133k, spending 180% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $74k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iota All Sports Backers sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within LA. Charities of a similar size with the same main cause include Green Local Schools Foundation ($74k), Strawberry Mansion Learning Center ($74k) and Elliott Ranch Elementary Parent Teacher Organization ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.