Valpo Surf Project Inc

Analysis

Valpo Surf Project Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in October 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 November 2023, Valpo Surf Project Inc reported income of $389k and spending of $453k, spending 116% of what it took in. Across the 4 years on record, from November 2019 to November 2023, income grew from $314k to $389k (+24%), an average of +7.3% a year. The sharpest change came in the year to November 2022, when income rose by 138%. 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, Valpo Surf Project 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 67th percentile within MA. Charities of a similar size with the same main cause include Eastern Massachusetts Hockey Inc ($389k), Secretariat Center Inc ($389k) and Baler Backers Athletic Organization ($389k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (17% of expenses). Other salaries and wages came to $46k. At year end it held assets of $46k against liabilities of $0, net assets of $46k. It reported 2 employees.