Carpinteria Skate Foundation Inc

Analysis

Carpinteria Skate Foundation Inc is a registered charity in United States, based in Carpinteria, CA. It received its IRS tax-exemption ruling in September 2009, 17 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, Carpinteria Skate Foundation Inc reported income of $290k and spending of $192k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $290k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 290%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carpinteria Skate Foundation Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include 51oakland ($290k), Mojo Baseball ($290k) and Ravensdale Park Foundation ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $88k (46% of expenses). Other salaries and wages came to $796. At year end it held assets of $321k against liabilities of $1,016, net assets of $320k. It reported 2 employees.