Sport Innovators

Analysis

Sport Innovators is a registered charity in United States, based in Solana Beach, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Sport Innovators reported income of $393k and spending of $409k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $415k to $393k (-5.3%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sport Innovators sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Alice E Sias Trust Uw T-15172 Fbo Lahey Clinic Foundation ($393k), Shaarei Teshouva Vechaim ($393k) and 2040 Foundation Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $115k (28% of expenses). Other salaries and wages came to $124k. At year end it held assets of $246k against liabilities of $146k, net assets of $100k. It reported 2 employees.