Golazo Youth Sports Scholarship Foundation

Analysis

Golazo Youth Sports Scholarship Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2022, 4 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, Golazo Youth Sports Scholarship Foundation reported income of $83k and spending of $88k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $139k to $83k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Golazo Youth Sports Scholarship Foundation sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Munster Girls Softball Incorporated ($83k), Kentucky Tennis Association Endowment Fund Inc ($83k) and Nittany Valley Little League ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.4% of the total. At year end it held assets of $8,600 against liabilities of $17k, net assets of -$8,854.