Coastal Athletic Association

Analysis

Coastal Athletic Association is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 1995, 31 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, Coastal Athletic Association reported income of $12.0m and spending of $10.0m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.1m to $12.0m (+70%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Coastal Athletic Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Together We Rise Corporation ($12.0m), Halleck Creek Ranch ($12.0m) and Ed Snider Youth Hockey Foundation ($11.9m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $481k (4.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $19.1m against liabilities of $2.2m, net assets of $16.8m. It reported 19 employees.