Surfing Heritage Foundation

Analysis

Surfing Heritage Foundation is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2024, Surfing Heritage Foundation reported income of $428k and spending of $987k, spending 231% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $344k to $428k (+24%), an average of +4.4% a year. The sharpest change came in the year to March 2021, when income rose by 340%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Surfing Heritage Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Luminary Inc ($428k), Cambridge Historical Society ($428k) and Mosaix Global Network ($427k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 70% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $140k (14% of expenses). Other salaries and wages came to $166k. At year end it held assets of $5.6m against liabilities of $37k, net assets of $5.5m. It reported 7 employees.