Team Surfgimp Charitable Foundation

Analysis

Team Surfgimp Charitable Foundation is a registered charity in United States, based in Berlin, MD. It received its IRS tax-exemption ruling in January 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, Team Surfgimp Charitable Foundation reported income of $112k and spending of $73k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $112k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 60% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Surfgimp Charitable Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include J K Lee City Youth Martial Arts Program ($112k), Pro Skill Futsal ($112k) and Lancaster Dixie Baseball Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.