Della Penna Motorsports Next Gen Foundation

Analysis

Della Penna Motorsports Next Gen Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Della Penna Motorsports Next Gen Foundation reported income of $133k and spending of $116k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $133k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Della Penna Motorsports Next Gen Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Lvvaa Inc ($133k), West Seneca Soccer Club ($133k) and Star Camp ($133k).

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 $2,239 against liabilities of $158, net assets of $2,081.