601 Squad Club Inc

Analysis

601 Squad Club Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, 601 Squad Club Inc reported income of $55k and spending of $52k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $67k to $55k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 601 Squad Club Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Youth Services of Oklahoma Inc ($55k), Colors of the World Inc ($55k) and Kids Chance Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.