Central New York Action Sports Inc

Analysis

Central New York Action Sports Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Central New York Action Sports Inc reported income of $72k and spending of $30k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $9,609 to $72k (+651%), an average of +651% a year. The sharpest change came in the year to December 2023, when income rose by 651%. Over the whole period it spent 38% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central New York Action Sports Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Five1 Athletics Incorporated ($72k), Flying Squirrels Charities ($72k) and Tualatin Hills Dive Club ($72k).

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 $52k against liabilities of $1,200, net assets of $51k.