Foundation for Promotion of Sports and Games

Analysis

Foundation for Promotion of Sports and Games is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in September 2014, 12 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 March 2023, Foundation for Promotion of Sports and Games reported income of $540k and spending of $455k, spending 84% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $161k to $540k (+236%), an average of +35% a year. The sharpest change came in the year to March 2020, when income rose by 173%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Foundation for Promotion of Sports and Games sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include South Carolina Alliance of Ymcas ($540k), Mounds View Basketball Association Inc ($540k) and Hartland Area Youth Athletic Association ($540k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $778k against liabilities of $0, net assets of $778k.