Proam Sports Association Incorporated

Analysis

Proam Sports Association Incorporated is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Proam Sports Association Incorporated reported income of $109k and spending of $107k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $91k to $109k (+20%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Proam Sports Association Incorporated sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Lake County Symphony Association Inc ($109k), Bastrop Homecoming Committee ($109k) and Lamplite Players ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $1,582 against liabilities of $0, net assets of $1,582.