Hangar Athlete Factory

Analysis

Hangar Athlete Factory is a registered charity in United States, based in Huxley, IA. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hangar Athlete Factory reported income of $92k and spending of $104k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $92k (-9.1%), an average of -9.1% a year. 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, Hangar Athlete Factory sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within IA. Charities of a similar size with the same main cause include Midwest Alpine Ski Association Inc ($92k), Abc Girls Softball of Grand Island Inc ($92k) and Fluvanna County Fair Board Association Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $79k against liabilities of $21k, net assets of $57k.