San Francisco Hoops Foundation

Analysis

San Francisco Hoops Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in October 2021, 5 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, San Francisco Hoops Foundation reported income of $75k and spending of $48k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $100k to $75k (-25%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 1576%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, San Francisco Hoops Foundation 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 29th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Mount Washington Valley Trails Association ($75k), United States Bowling Congress Inc ($75k) and Sabattus Recreation Club Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $2,000 (4.1% of expenses). At year end it held assets of $78k against liabilities of $0, net assets of $78k.