Cheer Force Athletics

Analysis

Cheer Force Athletics is a registered charity in United States, based in Bayonne, NJ. It received its IRS tax-exemption ruling in June 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 June 2023, Cheer Force Athletics reported income of $327k and spending of $322k, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $491k to $327k (-33%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cheer Force Athletics sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Greenlock Therapeutic Riding Center Inc ($327k), The Cedar Bluff Farragut Optimist Youth Activities Organization Inc ($327k) and Northfield Union of Youth Inc ($327k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.