Flying Heels Arena Association

Analysis

Flying Heels Arena Association is a registered charity in United States, based in Granby, CO. It received its IRS tax-exemption ruling in November 2023, 3 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 December 2023, Flying Heels Arena Association reported income of $213k and spending of $240k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $228k to $213k (-6.2%), an average of -6.2% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Flying Heels Arena Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within CO. Charities of a similar size with the same main cause include American Gymnastics Institute Booster Club ($213k), Hesperia Leisure League ($214k) and Shades Mountain Community Park Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.