San Diego Rhythms Inc

Analysis

San Diego Rhythms Inc is a registered charity in United States, based in San Diego, 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, San Diego Rhythms Inc reported income of $388k and spending of $403k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $388k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, San Diego Rhythms Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include BS Rodeo ($388k), Hawaii High School Rodeo Association ($388k) and Moorestown Rowing Club Inc ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $144k (36% of expenses). Other salaries and wages came to $31k. At year end it held assets of $250k against liabilities of $0, net assets of $250k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.