Capitol City BMX

Analysis

Capitol City BMX is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2021, 5 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, Capitol City BMX reported income of $67k and spending of $82k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $67k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Capitol City BMX sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Viking Booster Club ($67k), First Touch Soccer Inc ($67k) and Eastmont Youth Baseball ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5,975 against liabilities of $0, net assets of $5,975.