City of Champions Inc

Analysis

City of Champions Inc is a registered charity in United States, based in Artesia, NM. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, City of Champions Inc reported income of $365k and spending of $28k, leaving 92% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $365k (+228%), an average of +228% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 13% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, City of Champions Inc 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 65th percentile, and in the 63rd percentile within NM. Charities of a similar size with the same main cause include Sioux Falls Tennis Association Inc ($365k), Connecticut Jr Huskies ($365k) and Jensen Camp Foundation ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $417k against liabilities of $10, net assets of $417k. It reported 3 employees.