Torrance Rose Float Association Inc

Analysis

Torrance Rose Float Association Inc is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in January 2012, 14 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 December 2023, Torrance Rose Float Association Inc reported income of $179k and spending of $132k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $201k to $179k (-11%), an average of -11% a year. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Torrance Rose Float Association Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Dallas Center Grimes Booster Club ($179k), Fort Morgan Youth Athletics ($179k) and Minnesota Boat Club ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $137k against liabilities of $301, net assets of $136k.