Crystal Coast Tournament Inc

Analysis

Crystal Coast Tournament Inc is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, Crystal Coast Tournament Inc reported income of $10.4m and spending of $11.0m, spending 106% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $4.8m to $10.4m (+115%), an average of +21% a year. The sharpest change came in the year to October 2021, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crystal Coast Tournament Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Greater Burlington Young Mens Christian Association Inc ($10.4m), Genesis Youth Crisis Center Inc ($10.4m) and Family Building Blocks Inc ($10.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $156k (1.4% of expenses). Other salaries and wages came to $471k. At year end it held assets of $2.9m against liabilities of $2.3m, net assets of $533k. It reported 31 employees.