Competitive Dreams of Youth in the Carolinas

Analysis

Competitive Dreams of Youth in the Carolinas is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Competitive Dreams of Youth in the Carolinas reported income of $682k and spending of $700k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $466k to $682k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Competitive Dreams of Youth in the Carolinas sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Passion Works ($682k), Howard County Chinese School Inc ($682k) and Kindair at the Benson Theatre ($682k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $17k (2.4% of expenses). At year end it held assets of $74k against liabilities of $48k, net assets of $26k.