20 20 Vision Sports Corp

Analysis

20 20 Vision Sports Corp is a registered charity in United States, based in San Bernardino, CA. It received its IRS tax-exemption ruling in December 2019, 7 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, 20 20 Vision Sports Corp reported income of $137k and spending of $144k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $137k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. 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, 20 20 Vision Sports Corp sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Platte Peer Group ($137k), Atascocita Basketball Association ($137k) and Greater San Diego City Tennis Council ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.