Socal Water Polo Foundation Inc

Analysis

Socal Water Polo Foundation Inc is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in March 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Socal Water Polo Foundation Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $953k to $1.4m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Socal Water Polo Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Michawana Youth Camp ($1.4m), Sacramento Parks Foundation ($1.4m) and Clay County Soccer Club Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $95k (6.7% of expenses). Other salaries and wages came to $401k. At year end it held assets of $228k against liabilities of $6,510, net assets of $222k. It reported 54 employees.