Lowcountry Maritime Society

Analysis

Lowcountry Maritime Society is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Lowcountry Maritime Society reported income of $179k and spending of $186k, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $136k to $179k (+31%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 354%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lowcountry Maritime Society sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 57th percentile within SC. Charities of a similar size with the same main cause include The Chattanooga Public Library Foundation ($179k), Kent State University Alumni Association ($179k) and Beth Israel Dermatology Foundation Inc ($179k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $127k (68% of expenses). At year end it held assets of $35k against liabilities of $2,000, net assets of $33k. It reported 1 employees.