Warrior Surf Foundation

Analysis

Warrior Surf Foundation is a registered charity in United States, based in Folly Beach, SC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2022, Warrior Surf Foundation reported income of $526k and spending of $577k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $254k to $526k (+107%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Warrior Surf Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within SC. Charities of a similar size with the same main cause include Brandywine Ballet Co ($526k), Volunteers of America Inc ($526k) and Lord Berkeley Conservation Trust ($526k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (9.5% of expenses). Other salaries and wages came to $258k. At year end it held assets of $76k against liabilities of $90k, net assets of -$13k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.