Sea Otter Classic Foundation Inc

Analysis

Sea Otter Classic Foundation Inc is a registered charity in United States, based in Monterey, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sea Otter Classic Foundation Inc reported income of $94k and spending of $177k, spending 189% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $213k to $94k (-56%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sea Otter Classic Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Petersburg High School Athletic Booster Club ($94k), Montana Scholastic Clay Target Program ($94k) and Girls Rock Camp Austin ($94k).

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 $31k against liabilities of $0, net assets of $31k.