Pirates Charities

Analysis

Pirates Charities is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 2000, 26 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, Pirates Charities reported income of $1.8m and spending of $806k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.8m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pirates Charities sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Rbi Austin ($1.8m), Needham Soccer Club ($1.8m) and Westside Metros Soccer Club ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $10.9m against liabilities of $281k, net assets of $10.6m.