310 Sports Academy

Analysis

310 Sports Academy is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in November 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 June 2024, 310 Sports Academy reported income of $274k and spending of $274k, spending 100% of its income. Across the 2 years on record, from December 2022 to June 2024, income grew from $180k to $274k (+52%), an average of +52% a year. The sharpest change came in the year to June 2024, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 310 Sports Academy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Lmyf Inc ($274k), Enco United Soccer Club ($274k) and Olympia Reign Volleyball Club ($274k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $18k (6.7% of expenses). Other salaries and wages came to $2,014. At year end it held assets of $31k against liabilities of $2,161, net assets of $29k. It reported 2 employees.