Fort Mason Center

Analysis

Fort Mason Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1976, 50 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, Fort Mason Center reported income of $12.5m and spending of $10.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.9m to $12.5m (+5.1%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fort Mason Center sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include USA Softball Inc ($12.5m), The Florida State Golf Association Inc ($12.6m) and 661 Foundation ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $945k (9.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $73.5m against liabilities of $31.5m, net assets of $42.0m. It reported 139 employees.