Amp Athletics

Analysis

Amp Athletics is a registered charity in United States, based in Coon Rapids, MN. 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, Amp Athletics reported income of $561k and spending of $539k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $402k to $561k (+39%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Amp Athletics sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Wrestle Like a Girl Inc ($561k), Denver Park Trust ($561k) and Soccer Rhode Island Inc ($561k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. Other salaries and wages came to $193k. At year end it held assets of $111k against liabilities of $83k, net assets of $28k. It reported 21 employees.