Balboa Spirit Club

Analysis

Balboa Spirit Club is a registered charity in United States, based in Northridge, CA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 July 2023, Balboa Spirit Club reported income of $205k and spending of $163k, leaving 21% of income unspent that year. Across the 3 years on record, from July 2019 to July 2023, income fell from $253k to $205k (-19%), an average of -9.8% a year. The sharpest change came in the year to July 2022, when income dropped by 26%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Balboa Spirit Club sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Seeds of Hope Inc ($205k), American Friends of Dvar Shalom ($206k) and Rachel Imeinu Foundation ($205k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $511k against liabilities of $0, net assets of $511k.