Charleston Port & Seafarers Society

Analysis

Charleston Port & Seafarers Society is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Charleston Port & Seafarers Society reported income of $102k and spending of $107k, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $155k to $102k (-34%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charleston Port & Seafarers Society sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 43rd percentile within SC. Charities of a similar size with the same main cause include One Love Skate ($102k), Carmel Prayer Tower Inc ($102k) and North Fryeburg Community Chapel ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.