Dragon Boat at the Beach

Analysis

Dragon Boat at the Beach is a registered charity in United States, based in Pawleys Isl, SC. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dragon Boat at the Beach reported income of $51k and spending of $29k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $12k to $51k (+324%), an average of +324% a year. The sharpest change came in the year to December 2023, when income rose by 324%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Dragon Boat at the Beach sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within SC. Charities of a similar size with the same main cause include Crookston Youth Basketball Association ($51k), Arlington Lacrosse Developmental Club Inc ($51k) and Knothole Baseball Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.