Iva Community Recreation Center

Analysis

Iva Community Recreation Center is a registered charity in United States, based in Iva, SC. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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, Iva Community Recreation Center reported income of $162k and spending of $138k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $173k to $162k (-6.3%), an average of -6.3% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iva Community Recreation Center sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Smith Point Volunteer Fire Department and Emergency Corps ($162k), E W Montgomery Trusteeship ($162k) and Barnegat Bay Yacht Racing Assoc ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 51% of the total. At year end it held assets of $468k against liabilities of $32k, net assets of $436k.