Colorado Springs Sports Corporation

Analysis

Colorado Springs Sports Corporation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in January 1983, 43 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, Colorado Springs Sports Corporation reported income of $3.1m and spending of $2.3m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.1m (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colorado Springs Sports Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Usvi Soccer Federation Inc ($3.1m), Recreation Vehicle Technical Institute Inc ($3.1m) and First in Michigan ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $397k (17% of expenses). Other salaries and wages came to $474k. At year end it held assets of $4.7m against liabilities of $472k, net assets of $4.2m. It reported 15 employees.