Rays Baseball Foundation Inc

Analysis

Rays Baseball Foundation Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Rays Baseball Foundation Inc reported income of $3.2m and spending of $3.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.2m (+113%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 112% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rays Baseball Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Everythings Possible Foundation Inc ($3.2m), MN Fundraising Initiative ($3.2m) and Chazak ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $2.8m against liabilities of $266k, net assets of $2.6m.