Portola and Castle Rock Foundation

Analysis

Portola and Castle Rock Foundation is a registered charity in United States, based in LA Honda, CA. It received its IRS tax-exemption ruling in February 1992, 34 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, Portola and Castle Rock Foundation reported income of $84k and spending of $89k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $84k (-1.5%), an average of -1.5% a year. 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, Portola and Castle Rock Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Highlands Lacrosse Association Inc ($83k), Ostrander Youth Athletic Association ($84k) and Cocalico Youth Soccer Club ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $142k against liabilities of $12k, net assets of $130k.