Folsom Athletic Association Inc

Analysis

Folsom Athletic Association Inc is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in June 2001, 25 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, Folsom Athletic Association Inc reported income of $161k and spending of $187k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $271k to $161k (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Folsom Athletic Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Bridgewater Soccer Association Inc ($161k), Seneca Valley Lacrosse Association Inc ($161k) and USA Volleyball Foundation ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $2,150 (1.1% of expenses). Other salaries and wages came to $4,805. At year end it held assets of $767k against liabilities of $0, net assets of $767k.