Soma Aquatics Foundation Inc

Analysis

Soma Aquatics Foundation Inc is a registered charity in United States, based in Petaluma, CA. It received its IRS tax-exemption ruling in August 2014, 12 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, Soma Aquatics Foundation Inc reported income of $63k and spending of $59k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $63k (-19%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soma Aquatics Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Anaheim Police Activities League ($63k), Tolland Youth Football Inc ($63k) and NGHS Swim-Dive Booster Club Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.