Ashville Sports Foundation Inc

Analysis

Ashville Sports Foundation Inc is a registered charity in United States, based in Ashville, AL. It received its IRS tax-exemption ruling in January 2023, 3 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 June 2024, Ashville Sports Foundation Inc reported income of $136k and spending of $126k, spending 92% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $165k to $136k (-17%), an average of -18% a year. The sharpest change came in the year to June 2024, when income dropped by 17%. Over the whole period it spent 60% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ashville Sports Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within AL. Charities of a similar size with the same main cause include Parkway Lightning Volleyball ($136k), Rocky Point Youth Soccer Club Inc ($136k) and Deer Park Soccer Club Inc ($136k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 60% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.