Fiesta Sports Foundation

Analysis

Fiesta Sports Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in April 1969, 57 years ago. 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 March 2023, Fiesta Sports Foundation reported income of $28.6m and spending of $22.0m, leaving 23% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $19.4m to $28.6m (+47%), an average of +14% a year. The sharpest change came in the year to March 2023, when income rose by 94%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fiesta Sports Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include After-School All-Stars ($28.6m), Family Service Association ($28.7m) and United Jewish Council of the East Side Home Attendant Service Corpor ($28.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $714k (3.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $85.6m against liabilities of $1.5m, net assets of $84.1m. It reported 69 employees.