Southern Organized Cheer Support Inc

Analysis

Southern Organized Cheer Support Inc is a registered charity in United States, based in Somerset, KY. It received its IRS tax-exemption ruling in November 2006, 20 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 December 2023, Southern Organized Cheer Support Inc reported income of $502k and spending of $373k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $502k (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 308%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southern Organized Cheer Support Inc 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 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Nssra Foundation ($502k), Aiken-Augusta Swim League Inc ($502k) and Cumberland Trail Conservancy ($502k).

Compensation of current officers, directors and key employees was $86k (23% of expenses). At year end it held assets of $267k against liabilities of $108k, net assets of $159k. It reported 2 employees.