Sports Foundation Inc

Analysis

Sports Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sports Foundation Inc reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.5m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sports Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Bloomington Day Care Corporation ($1.5m), Renewed Horizon ($1.5m) and Strafford Nutrition & Meals on ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $702k. At year end it held assets of $2.1m against liabilities of $1.8m, net assets of $246k. It reported 6 employees.