Athletes Soul Inc

Analysis

Athletes Soul Inc is a registered charity in United States, based in Marina DL Rey, CA. It received its IRS tax-exemption ruling in July 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, Athletes Soul Inc reported income of $52k and spending of $45k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $62k to $52k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Athletes Soul Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Ashburn Farm Barracudas Swim Team Inc ($52k), Hanover Athletic Assoc ($52k) and Ipswich Youth Lacrosse Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.