Corona Del Mar Water Polo Foundation

Analysis

Corona Del Mar Water Polo Foundation is a registered charity in United States, based in Balboa Island, CA. It received its IRS tax-exemption ruling in May 2002, 24 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 August 2023, Corona Del Mar Water Polo Foundation reported income of $94k and spending of $88k, spending 93% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $23k to $94k (+314%), an average of +61% a year. The sharpest change came in the year to August 2022, when income rose by 284%. 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, Corona Del Mar Water Polo Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Del Valle Texas Millenium Soccerkids ($94k), North Scott Trap Club Inc ($94k) and Manasota Youth Soccer League ($94k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.