Academy of Art University Wellness & Athletics Foundation

Analysis

Academy of Art University Wellness & Athletics Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 2008, 18 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, Academy of Art University Wellness & Athletics Foundation reported income of $63k and spending of $48k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $78k to $63k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 635%. Over the whole period it spent 149% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Academy of Art University Wellness & Athletics Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Heritage Lacrosse Club Inc ($63k), Jamestown Youth Softball and Baseball ($63k) and El Toro Boys Basketball ($63k).

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 $43k against liabilities of $0, net assets of $43k.