Norco Juniors Inc

Analysis

Norco Juniors Inc is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in January 1990, 36 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 October 2023, Norco Juniors Inc reported income of $2.5m and spending of $1.9m, leaving 26% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.4m to $2.5m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to October 2020, when income rose by 68%. Over the whole period it spent 44% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Norco Juniors Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Millennium Park Foundation ($2.5m), Falmouth Road Race Inc ($2.5m) and Dripping Springs Youth Sports Association ($2.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $145k (7.7% of expenses). Other salaries and wages came to $318k. At year end it held assets of $16.9m against liabilities of $4.6m, net assets of $12.3m. It reported 5 employees.