Sports Factory Foundation

Analysis

Sports Factory Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2008, 18 years ago. 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 December 2023, Sports Factory Foundation reported income of $100k and spending of $99k, spending 99% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $239k to $100k (-58%), an average of -35% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sports Factory Foundation sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Education Foundation of Muskogee Inc ($100k), Chrysalis Counseling Center Inc ($100k) and International Bridges of Worship Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $364 against liabilities of $167k, net assets of -$167k.