Platinum Cheer Association

Analysis

Platinum Cheer Association is a registered charity in United States, based in Homer Glen, IL. It received its IRS tax-exemption ruling in January 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, Platinum Cheer Association reported income of $428k and spending of $418k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $300k to $428k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Platinum Cheer Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Issaquah FC ($428k), United States Judo Association Inc ($428k) and Simsbury Youth Hockey Association Inc ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $37k (8.9% of expenses). At year end it held assets of $63k against liabilities of $44k, net assets of $19k.