Dragon Boat Charleston

Analysis

Dragon Boat Charleston is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 September 2023, Dragon Boat Charleston reported income of $206k and spending of $258k, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $318k to $206k (-35%), an average of -10% a year. The sharpest change came in the year to September 2020, when income dropped by 55%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dragon Boat Charleston sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 60th percentile within SC. Charities of a similar size with the same main cause include Greater Flint Childrens Mental Health Facilities Incorporated ($206k), Foundation Thinkagain ($206k) and Kansas City Kansas Alcohol Safety ($206k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $47k (18% of expenses). At year end it held assets of $315k against liabilities of $6,506, net assets of $309k. It reported 1 employees.