Ssoc Academy

Analysis

Ssoc Academy is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in September 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 (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, Ssoc Academy reported income of $65k and spending of $67k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1 to $65k (+6515500%), an average of +25426% a year. The sharpest change came in the year to December 2022, when income rose by 4549900%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ssoc Academy sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Gary Becker San Diego Athletic Club-Wp ($65k), Hudson Pasco Police Athletic League Inc ($65k) and Owatonna Junior Olympic Volleyball Inc ($65k).

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 $9,497 against liabilities of $0, net assets of $9,497.