Charley Hoffman Foundation

Analysis

Charley Hoffman Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2010, 16 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 May 2024, Charley Hoffman Foundation reported income of $323k and spending of $113k, leaving 65% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income fell from $342k to $323k (-5.7%), an average of -1.4% a year. The sharpest change came in the year to May 2023, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charley Hoffman Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Real Racine Sports and Events Commission Inc ($322k), Professional Soccer Referees Association Inc ($323k) and Swimtulsa Inc ($322k).

Compensation of current officers, directors and key employees was $46k (41% of expenses). At year end it held assets of $468k against liabilities of $52, net assets of $468k.