College of Charleston Athletic Club

Analysis

College of Charleston Athletic Club is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in June 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, College of Charleston Athletic Club reported income of $3.7m and spending of $3.4m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $3.7m (+35%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, College of Charleston Athletic Club sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Hilltopper Athletic Foundation Inc ($3.7m), Ciclavia Inc ($3.7m) and Palm Springs International Film Society ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $264k. At year end it held assets of $4.0m against liabilities of $1.4m, net assets of $2.5m.