Optimist Club Foundation of Point Loma

Analysis

Optimist Club Foundation of Point Loma is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Optimist Club Foundation of Point Loma reported income of $114k and spending of $181k, spending 159% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $48k to $114k (+134%), an average of +33% a year. The sharpest change came in the year to September 2022, when income rose by 122%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Optimist Club Foundation of Point Loma sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Hand of Mercy ($114k), Lindale I S D Education Foundation Inc ($114k) and Band Boosters Incorporated of Vincennes Indiana ($114k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $235k against liabilities of $4,000, net assets of $231k.