Scholastic Shooting Sports Foundation Inc

Analysis

Scholastic Shooting Sports Foundation Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 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 August 2023, Scholastic Shooting Sports Foundation Inc reported income of $4.1m and spending of $4.0m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.7m to $4.1m (+9.4%), an average of +2.3% a year. The sharpest change came in the year to August 2021, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Scholastic Shooting Sports Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include North Texas State Soccer Association Inc ($4.1m), Los Gatos United Soccer League ($4.1m) and Harlem Community Center ($4.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $223k (5.5% of expenses). Other salaries and wages came to $814k. At year end it held assets of $3.3m against liabilities of $263k, net assets of $3.0m. It reported 17 employees.