Adaptive Surf Project

Analysis

Adaptive Surf Project is a registered charity in United States, based in N Myrtle BCH, SC. It received its IRS tax-exemption ruling in January 2016, 10 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, Adaptive Surf Project reported income of $186k and spending of $56k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $186k (+477%), an average of +477% a year. The sharpest change came in the year to December 2023, when income rose by 477%. Over the whole period it spent 48% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Adaptive Surf Project sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 58th percentile within SC. Charities of a similar size with the same main cause include Los Gatos-Saratoga Girls Softball Association ($186k), California Youth Shooting Sports Association Inc ($186k) and Run Elite Program ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.