Borussia Del Mar Inc

Analysis

Borussia Del Mar Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 2015, 11 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, Borussia Del Mar Inc reported income of $130k and spending of $140k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $130k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Borussia Del Mar Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Heart of the Keys Recreation Association Inc ($130k), Leavenworth Lancers Swim Association ($130k) and Tri-State Soccer Training Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. At year end it held assets of $40k against liabilities of $94k, net assets of -$54k.