Pasadena Tournament of Roses Assn

Analysis

Pasadena Tournament of Roses Assn is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 1943, 83 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 April 2024, Pasadena Tournament of Roses Assn reported income of $148.8m and spending of $147.8m, spending 99% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $102.5m to $148.8m (+45%), an average of +9.8% a year. The sharpest change came in the year to April 2024, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pasadena Tournament of Roses Assn 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 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Central Park Conservancy Inc ($148.0m), United States Soccer Federation Inc ($149.2m) and Usta National Tennis Center Inc ($140.8m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.9m (1.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $69.1m against liabilities of $20.2m, net assets of $48.9m. It reported 41 employees.