Torrey Pines Association

Analysis

Torrey Pines Association is a registered charity in United States, based in Del Mar, CA. It received its IRS tax-exemption ruling in September 1968, 58 years ago. 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, Torrey Pines Association reported income of $163k and spending of $227k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $163k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 187%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Torrey Pines Association sits at the 48th percentile: it is larger than about 48% 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 Rancho Bernardo Rotary Club Foundation Inc ($163k), Salina Am Chapter of National Ambucs Inc ($163k) and Habitat for Humanity International Inc ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $1.7m against liabilities of $24k, net assets of $1.7m.