The San Jose Sports Authority

Analysis

The San Jose Sports Authority is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. 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 June 2023, The San Jose Sports Authority reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The San Jose Sports Authority sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include University of South Carolina Upstate Foundation ($1.2m), Louisiana Swamp Base Inc ($1.2m) and Ukiah Autumn Leaves ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $161k (13% of expenses). Other salaries and wages came to $109k. At year end it held assets of $363k against liabilities of $353k, net assets of $10k. It reported 3 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.