Haese Academy Incorporated

Analysis

Haese Academy Incorporated is a registered charity in United States, based in Bonita SPGS, FL. It received its IRS tax-exemption ruling in August 2019, 7 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 December 2023, Haese Academy Incorporated reported income of $61k and spending of $95k, spending 154% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $608k to $61k (-90%), an average of -54% a year. The sharpest change came in the year to December 2021, when income dropped by 84%. Over the whole period it spent 43% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Haese Academy Incorporated sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Little League Baseball Inc ($61k), Greensboro Lady Gaters Basketball Association Inc ($61k) and Marshfield Boys Youth Lacrosse Inc ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $20k (21% of expenses). At year end it held assets of $512k against liabilities of $0, net assets of $512k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.