Surfings Evolution & Preservation Foundation Inc

Analysis

Surfings Evolution & Preservation Foundation Inc is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in October 2009, 17 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Surfings Evolution & Preservation Foundation Inc reported income of $4.4m and spending of $2.4m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.5m to $4.4m (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 29% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Surfings Evolution & Preservation Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include National Center for Employee Ownership ($4.4m), Network on Women in Prison ($4.4m) and Agency of International Cooperation for Development ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $108k. At year end it held assets of $20.7m against liabilities of $0, net assets of $20.7m.