Titan Athletics

Analysis

Titan Athletics is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Titan Athletics reported income of $970k and spending of $929k, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2024, income grew from $527k to $970k (+84%), an average of +16% a year. The sharpest change came in the year to July 2022, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Titan Athletics sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Swim Torrance ($970k), Minnesota Wild Foundation ($971k) and Port Huron Minor Hockey Association Inc ($970k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $23k (2.5% of expenses). Other salaries and wages came to $253k. At year end it held assets of $73k against liabilities of $23k, net assets of $50k. It reported 55 employees.