Socal-Elite Sports Inc

Analysis

Socal-Elite Sports Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in September 2007, 19 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, Socal-Elite Sports Inc reported income of $1.4m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.4m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Socal-Elite Sports Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Harbor Soccer Club ($1.4m), Northeast Florida Equestrian Society H O R S E Therapies Inc ($1.5m) and Winnarainbow Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $201k (13% of expenses). Other salaries and wages came to $500k. At year end it held assets of $928k against liabilities of $483k, net assets of $446k. It reported 5 employees.