Maximum Velocity

Analysis

Maximum Velocity is a registered charity in United States, based in Lewisburg, TN. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maximum Velocity reported income of $83k and spending of $72k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $83k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Maximum Velocity sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within TN. Charities of a similar size with the same main cause include Road Runners Club of America ($83k), Cocalico Youth Soccer Club ($83k) and The United States Pony Clubs Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 53% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.