Sports Academy Foundation

Analysis

Sports Academy Foundation is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sports Academy Foundation reported income of $1.5m and spending of $1.5m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $341k to $1.5m (+344%), an average of +111% a year. The sharpest change came in the year to December 2022, when income rose by 222%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sports Academy Foundation sits at the 80th percentile: it is larger than about 80% 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 Migdal Bais Yaakov Inc ($1.5m), Community High School of the Roanoke Valley ($1.5m) and Friends of The@young Audiences Charter Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $524k (35% of expenses). At year end it held assets of $433k against liabilities of $564k, net assets of -$130k. It reported 16 employees.