South Coast Ventures Inc

Analysis

South Coast Ventures Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, South Coast Ventures Inc reported income of $134k and spending of $139k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $353k to $134k (-62%), an average of -22% a year. The sharpest change came in the year to September 2022, when income dropped by 29%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, South Coast Ventures Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Silver State Hope Fund ($134k), American Headache Assoc ($134k) and Air Medical Physician Association Inc ($134k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.2m against liabilities of $794, net assets of $4.2m.