St Pete Masters Inc

Analysis

St Pete Masters Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in January 2016, 10 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, St Pete Masters Inc reported income of $75k and spending of $72k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $75k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, St Pete Masters Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Premier Youth Athletic Development ($75k), Patriot Baseball League ($75k) and Friends of the Pool and Park Foundation ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 21% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.