South Shore Seahawks Inc

Analysis

South Shore Seahawks Inc is a registered charity in United States, based in Norwell, MA. It received its IRS tax-exemption ruling in May 1973, 53 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 April 2023, South Shore Seahawks Inc reported income of $471k and spending of $506k, spending 107% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $663k to $471k (-29%), an average of -8.2% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, South Shore Seahawks Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Gig Harbor Yacht Club Junior Sail ($471k), Georgia Bikes Inc ($472k) and Cottonwood Football Club ($471k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 1.0% and program service revenue 94% of the total. At year end it held assets of $37k against liabilities of $103k, net assets of -$65k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.