Sportmatrix Corp

Analysis

Sportmatrix Corp is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in September 2024, 2 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 2022, Sportmatrix Corp reported income of $376k and spending of $380k, spending 101% of its income. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sportmatrix Corp sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Dublin Community Swim Team Boosters Inc ($376k), Pedro Menendez High School Athletic Boosters Club Inc ($376k) and Floral Park Indians Athletic Club Inc ($376k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Other salaries and wages came to $30k. At year end it held assets of $273k against liabilities of $0, net assets of $273k. It reported 1 employees.