First Tee Greater Charleston

Analysis

First Tee Greater Charleston is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in March 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 (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, First Tee Greater Charleston reported income of $1.9m and spending of $1.4m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.9m (+71%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, First Tee Greater Charleston sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include The Village Green of Cashiers Inc ($1.9m), Kitsap Fair and Stampede Association ($1.9m) and Michigan Hawks Soccer Club ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $251k (18% of expenses). Other salaries and wages came to $273k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 6 employees.