Water Sports Foundation Inc

Analysis

Water Sports Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 2005, 21 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 (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, Water Sports Foundation Inc reported income of $961k and spending of $977k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $961k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Water Sports Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Illinois Professional Golfers Association Foundation Inc ($960k), Los Gatos Rowing Club Inc ($961k) and Sierra State Parks Foundation ($960k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $98k, net assets of -$5,727.