Belmont Athletics Foundation

Analysis

Belmont Athletics Foundation is a registered charity in United States, based in Belmont, MS. It received its IRS tax-exemption ruling in March 2022, 4 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, Belmont Athletics Foundation reported income of $239k and spending of $199k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $114k to $239k (+110%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Belmont Athletics Foundation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within MS. Charities of a similar size with the same main cause include United States of America Wushu- Kungfu Federation Inc ($239k), Camp Hope Inc ($239k) and Palatine Amateur Football Association NFP ($239k).

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 $84k against liabilities of $0, net assets of $84k.