Next Level Sports Foundation Inc

Analysis

Next Level Sports Foundation Inc is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in June 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, Next Level Sports Foundation Inc reported income of $7.5m and spending of $7.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $7.5m (+322%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Next Level Sports Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Junior Volleyball Directors Association ($7.4m), Beber Camp Property Inc ($7.5m) and Elite Clubs National League Inc ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $164k against liabilities of $37k, net assets of $128k. It reported 3,076 employees.