Sports SD Inc

Analysis

Sports SD Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 1978, 48 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 June 2023, Sports SD Inc reported income of $9.3m and spending of $10.0m, spending 107% of what it took in. Across the 5 years on record, from February 2020 to June 2023, income fell from $10.0m to $9.3m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income rose by 4842%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sports SD Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Southeastern Indiana Health Management Inc ($9.3m), Agape of Appleton Inc ($9.3m) and Hospice of Lenawee Inc ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $445k (4.5% of expenses). Other salaries and wages came to $610k. At year end it held assets of $1.8m against liabilities of $3.2m, net assets of -$1.4m. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.