The Scga Foundation

Analysis

The Scga Foundation is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in April 1986, 40 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, The Scga Foundation reported income of $3.8m and spending of $3.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.8m (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Scga Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Mlb-Mlbpa Youth Development Foundation ($3.8m), Lakeside Aquatic Club ($3.8m) and Head of the Charles Regatta Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $279k (7.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.1m against liabilities of $837k, net assets of $4.3m. It reported 106 employees.