Sportable Richmond Adaptive Sports And Recreation Inc
Sportable Richmond Adaptive Sports And Recreation Inc shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 208924701 · Richmond, VA · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1,237,207, |
| Net Assets | $836K |
| Transparency Score | 92/100 |
Is Sportable Richmond Adaptive Sports And Recreation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sportable Richmond Adaptive Sports And Recreation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sportable Richmond Adaptive Sports And Recreation Inc
Sportable Richmond Adaptive Sports And Recreation Inc (EIN: 208924701) is a nonprofit organization based in Richmond, VA, classified under NTEE code P80. The organization reported total revenue of $2.4M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sportable Richmond Adaptive Sports And Recreation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sportable Richmond Adaptive Sports And Recreation Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$341K |
| Total Assets | $1.2M |
| Total Liabilities | $342K |
| Net Assets | $836K |
| Operating Margin | 21.6% |
| Debt-to-Asset Ratio | 29.1% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2023, Sportable Richmond Adaptive Sports And Recreation Inc reported a surplus of $341K with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 29.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sportable Richmond Adaptive Sports And Recreation Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.1% | +46.6% | +47.2% |
| 2022 | +24.1% | +40.4% | +33.4% |
| 2021 | +21.9% | -20.7% | +81.0% |
| 2020 | +372.4% | +224.0% | +8.4% |
| 2019 | -79.1% | -64.4% | -20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sportable Richmond Adaptive Sports And Recreation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Sportable Richmond Adaptive Sports And Recreation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $341K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size, with 2023 expenses at $1,237,207, and suggests either a volunteer-led executive team or compensation being covered by an external entity, which would warrant further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sportable Richmond Adaptive Sports And Recreation Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization with over $1.2 million in annual expenses, which might warrant further inquiry into how executive leadership is supported or compensated.
Strengths
The following positive indicators were identified for Sportable Richmond Adaptive Sports And Recreation Inc:
- Consistent and significant revenue growth, from $475,962 in 2014 to $1,577,739 in 2023.
- Healthy asset growth, increasing from $155,862 in 2014 to $1,177,740 in 2023.
- Consistent operational surpluses, with revenue exceeding expenses in most reported periods.
- Remarkable 0% officer compensation reported across all filings, indicating a strong focus on program spending.
- Strong financial stability with a healthy asset-to-liability ratio (e.g., $1,177,740 assets vs. $342,207 liabilities in 2023).
Frequently Asked Questions about Sportable Richmond Adaptive Sports And Recreation Inc
Is Sportable Richmond Adaptive Sports And Recreation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sportable Richmond Adaptive Sports And Recreation Inc (EIN: 208924701) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Sportable Richmond Adaptive Sports And Recreation Inc spend its money?
Sportable Richmond Adaptive Sports And Recreation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sportable Richmond Adaptive Sports And Recreation Inc tax-deductible?
Sportable Richmond Adaptive Sports And Recreation Inc is registered as a tax-exempt nonprofit (EIN: 208924701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sportable Richmond Adaptive Sports And Recreation Inc CEO make?
Sportable Richmond Adaptive Sports And Recreation Inc's highest-compensated officer earns $1,237,207, annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sportable Richmond Adaptive Sports And Recreation Inc's spending goes to programs?
Sportable Richmond Adaptive Sports And Recreation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sportable Richmond Adaptive Sports And Recreation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Sportable Richmond Adaptive Sports And Recreation Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sportable Richmond Adaptive Sports And Recreation Inc located?
Sportable Richmond Adaptive Sports And Recreation Inc is headquartered in Richmond, Virginia and files with the IRS under EIN 208924701. It is classified under NTEE code P80.
How many years of IRS 990 filings does Sportable Richmond Adaptive Sports And Recreation Inc have?
Sportable Richmond Adaptive Sports And Recreation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.4M in total revenue.
Is Sportable Richmond Adaptive Sports And Recreation Inc a good charity?
Based on the provided data, Sportable appears to be a very good charity. It demonstrates strong financial growth, consistent surpluses, and a remarkable commitment to directing funds towards its mission by reporting 0% officer compensation across all filings.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with revenue growing from $475,962 in 2014 to $1,577,739 in 2023, and assets increasing from $155,862 to $1,177,740 over the same period. This indicates robust and sustained growth.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant, suggesting that executive leadership is either entirely volunteer-based or compensated through other means. This implies a very high proportion of funds are available for program delivery and operational costs, rather than executive salaries.
Filing History
IRS 990 filing history for Sportable Richmond Adaptive Sports And Recreation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sportable Richmond Adaptive Sports And Recreation Inc's revenue has grown by 381.6%, moving from $328K to $1.6M. Total assets increased by 707.8% over the same period, from $146K to $1.2M. Total functional expenses rose by 530.4%, from $196K to $1.2M. In its most recent filing year (2023), Sportable Richmond Adaptive Sports And Recreation Inc reported a surplus of $341K, with revenue exceeding expenses. The organization holds $342K in liabilities against $1.2M in assets (debt-to-asset ratio: 29.1%), resulting in net assets of $836K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.2M | $1.2M | $342K | — | View 990 |
| 2022 | $1.0M | $844K | $800K | $212K | — | View 990 |
| 2021 | $825K | $601K | $600K | $192K | — | — |
| 2020 | $677K | $758K | $331K | $148K | — | View 990 |
| 2019 | $143K | $234K | $306K | $42K | — | View 990 |
| 2018 | $686K | $657K | $383K | $29K | — | View 990 |
| 2017 | $656K | $592K | $348K | $22K | — | — |
| 2016 | $645K | $548K | $278K | $16K | — | View 990 |
| 2015 | $504K | $484K | $177K | $11K | — | View 990 |
| 2014 | $476K | $435K | $156K | $10K | — | View 990 |
| 2013 | $349K | $346K | $111K | $6K | — | View 990 |
| 2012 | $239K | $282K | $118K | $16K | — | View 990 |
| 2011 | $328K | $196K | $146K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.2M, and assets of $1.2M (revenue +54.1% year-over-year).
- 2022: Revenue of $1.0M, expenses of $844K, and assets of $800K (revenue +24.1% year-over-year).
- 2021: Revenue of $825K, expenses of $601K, and assets of $600K (revenue +21.9% year-over-year).
- 2020: Revenue of $677K, expenses of $758K, and assets of $331K (revenue +372.4% year-over-year).
- 2019: Revenue of $143K, expenses of $234K, and assets of $306K (revenue -79.1% year-over-year).
- 2018: Revenue of $686K, expenses of $657K, and assets of $383K (revenue +4.6% year-over-year).
- 2017: Revenue of $656K, expenses of $592K, and assets of $348K (revenue +1.7% year-over-year).
- 2016: Revenue of $645K, expenses of $548K, and assets of $278K (revenue +27.8% year-over-year).
- 2015: Revenue of $504K, expenses of $484K, and assets of $177K (revenue +5.9% year-over-year).
- 2014: Revenue of $476K, expenses of $435K, and assets of $156K (revenue +36.5% year-over-year).
- 2013: Revenue of $349K, expenses of $346K, and assets of $111K (revenue +45.8% year-over-year).
- 2012: Revenue of $239K, expenses of $282K, and assets of $118K (revenue -27.0% year-over-year).
- 2011: Revenue of $328K, expenses of $196K, and assets of $146K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sportable Richmond Adaptive Sports And Recreation Inc:
Data Sources and Methodology
This transparency report for Sportable Richmond Adaptive Sports And Recreation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.