Socal Athletics Inc

Analysis

Socal Athletics Inc is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in April 2006, 20 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, Socal Athletics Inc reported income of $2.7m and spending of $2.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.7m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Socal Athletics Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Anaina Hou Community Park ($2.7m), Sports Catalyst Inc ($2.7m) and North Coast Section of the Californ Ia Interscholastic Federation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $252k (9.3% of expenses). Other salaries and wages came to $165k. At year end it held assets of $280k against liabilities of $609k, net assets of -$329k. It reported 6 employees.