USA Surfing Inc

Analysis

USA Surfing Inc is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in June 2018, 8 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, USA Surfing Inc reported income of $619k and spending of $637k, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $514k to $619k (+20%), an average of +3.8% a year. The sharpest change came in the year to December 2019, when income rose by 56%. 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, USA Surfing Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Collins-Perley Sport Center Inc ($619k), Cal Nuggets Softball Inc ($620k) and Flagstaff Soccer Club ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. It paid $10k in professional fundraising fees. At year end it held assets of $50k against liabilities of $25k, net assets of $25k.