Greensboro Sports Foundation

Analysis

Greensboro Sports Foundation is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greensboro Sports Foundation reported income of $2.6m and spending of $2.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $587k to $2.6m (+344%), an average of +45% a year. The sharpest change came in the year to June 2020, when income rose by 412%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greensboro Sports Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Northwest Volleyball Foundation ($2.6m), Volusia County Fair Association Inc ($2.6m) and Womens Basketball Coaches Assoc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $271k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 4 employees.