City Surf Project Inc

Analysis

City Surf Project Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, City Surf Project Inc reported income of $1.0m and spending of $1.1m, spending 109% of what it took in. Across the 6 years on record, from December 2019 to May 2024, income grew from $478k to $1.0m (+112%), an average of +16% a year. The sharpest change came in the year to May 2024, when income rose by 201%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, City Surf Project Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Therapeutic Riding of Tucson Inc ($1.0m), Center Management Inc ($1.0m) and Friends of the Kiddie Park ($1.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 94% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $42k (3.8% of expenses). Other salaries and wages came to $571k. At year end it held assets of $660k against liabilities of $274k, net assets of $386k. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.