South Florida Sports Foundation Inc

Analysis

South Florida Sports Foundation Inc is a registered charity in United States, based in Miami Gardens, FL. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, South Florida Sports Foundation Inc reported income of $2.4m and spending of $2.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.4m (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, South Florida Sports Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Clarence E Phillips Ascend Organization Inc ($2.4m), Tucson Soccer Academy ($2.4m) and Morning Star Boys Ranch ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $412k. At year end it held assets of $4.1m against liabilities of $233k, net assets of $3.8m.