Friends of Sequoia Therapeutic Recreation

Analysis

Friends of Sequoia Therapeutic Recreation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Sequoia Therapeutic Recreation reported income of $217k and spending of $137k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $217k (+113%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 64% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Sequoia Therapeutic Recreation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within WA. Charities of a similar size with the same main cause include Spike Frog Volleyball ($217k), Altamaha Park of Glynn County Inc ($217k) and Belmont Aquatic Team Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $76k. At year end it held assets of $116k against liabilities of $0, net assets of $116k.