Chance Sports

Analysis

Chance Sports is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chance Sports reported income of $720k and spending of $524k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $300k to $720k (+140%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 63% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chance Sports sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Neighborhood Resource Center ($720k), Prospects Del Futuro PDF Foundation Inc ($721k) and Genuwin Reign Softball ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (18% of expenses). At year end it held assets of $380k against liabilities of $6,417, net assets of $373k.