Society of Paper Money Collectors I NC

Analysis

Society of Paper Money Collectors I NC is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in May 1968, 58 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 June 2024, Society of Paper Money Collectors I NC reported income of $54k and spending of $67k, spending 124% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $46k to $54k (+18%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 144% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Society of Paper Money Collectors I NC sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within SC. Charities of a similar size with the same main cause include Chequamegon Soccer Club Inc ($54k), East Islip Youth LA Crosse League Inc ($54k) and Northwest Rio Grande Soccer League ($54k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 9.3% and program service revenue 0.1% of the total. At year end it held assets of $177k against liabilities of $0, net assets of $177k.