Cbp3 Inc

Analysis

Cbp3 Inc is a registered charity in United States, based in Carolina BCH, NC. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cbp3 Inc reported income of $274k and spending of $126k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $264k to $274k (+4.0%), an average of +1.0% a year. Over the whole period it spent 49% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cbp3 Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Team Vortex Swim Club ($274k), Bike Walk Nebraska ($274k) and Woga Parents Club ($274k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $2.2m against liabilities of $740k, net assets of $1.5m.