Sozo Sports of Central Washington

Analysis

Sozo Sports of Central Washington is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in September 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, Sozo Sports of Central Washington reported income of $2.1m and spending of $2.4m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.1m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 685%. Over the whole period it spent 52% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sozo Sports of Central Washington sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Bridging the Dental Gap Inc ($2.1m), Z78 Ministries ($2.1m) and Friends Of@sauk Prairie Parks and Recreation Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $18k (0.8% of expenses). Other salaries and wages came to $413k. At year end it held assets of $12.8m against liabilities of $1.2m, net assets of $11.6m. It reported 42 employees.