Santa Clara Parade of Champions

Analysis

Santa Clara Parade of Champions is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 January 2024, Santa Clara Parade of Champions reported income of $80k and spending of $84k, spending 105% of its income. Across the 5 years on record, from January 2020 to January 2024, income fell from $195k to $80k (-59%), an average of -20% a year. The sharpest change came in the year to January 2021, when income dropped by 80%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Santa Clara Parade of Champions sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Hawthorne Players ($80k), Olympia Youth Chorus ($80k) and Marquette Range Iron Mining Heritage Theme Park Inc ($80k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.