Classic Events Group

Analysis

Classic Events Group is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 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, Classic Events Group reported income of $311k and spending of $179k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $147k to $311k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 54% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Classic Events Group sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within NV. Charities of a similar size with the same main cause include Arizona Sports and Entertainment Commission ($311k), Tucson Ford Dealers Aquatics Inc ($311k) and Wellesley Youth Baseball & Softball Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.