Gosports Teams Inc

Analysis

Gosports Teams Inc is a registered charity in United States, based in Greencastle, PA. It received its IRS tax-exemption ruling in February 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 July 2024, Gosports Teams Inc reported income of $73k and spending of $84k, spending 115% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income fell from $126k to $73k (-42%), an average of -42% a year. The sharpest change came in the year to July 2024, when income dropped by 42%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gosports Teams Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Amateur Athletic Union of the United States Inc ($73k), Little Bucs Gridiron Football League Inc ($73k) and Aim Athletes in the Making ($73k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 19% and program service revenue 20% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.