Charleston Educational Excellence Financing Corporation

Analysis

Charleston Educational Excellence Financing Corporation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in June 2006, 20 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Charleston Educational Excellence Financing Corporation reported income of $37.4m and spending of $15.1m, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.2m to $37.4m (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charleston Educational Excellence Financing Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include United States Equestrian Federation Inc ($35.7m), USA Track & Field Inc ($37.9m) and United States Bowling Congress Inc ($35.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $419.2m against liabilities of $419.2m, net assets of $0.