Aiken Steeplechase Association Inc

Analysis

Aiken Steeplechase Association Inc is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2024, Aiken Steeplechase Association Inc reported income of $1.8m and spending of $1.6m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.8m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 286%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aiken Steeplechase Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Imogene & Harold Herndon Char Tr-H ($1.8m), S O C K Outstanding Students S O S Academy Inc ($1.8m) and Oahe Foundation ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 76% of the total. Other salaries and wages came to $146k. At year end it held assets of $5.1m against liabilities of $2.8m, net assets of $2.4m. It reported 5 employees.