Hilton Head Island Foundation to Support Youth Sports Inc

Analysis

Hilton Head Island Foundation to Support Youth Sports Inc is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Hilton Head Island Foundation to Support Youth Sports Inc reported income of $530k and spending of $405k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $530k (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hilton Head Island Foundation to Support Youth Sports Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include Yamhill Encampment Corporation ($530k), Ignite Volleyball Academy ($530k) and Olympia Gymnastics Booster Club Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $77k (19% of expenses). Other salaries and wages came to $70k. At year end it held assets of $945k against liabilities of $6,284, net assets of $939k. It reported 14 employees.