Sons of Confederate Veterans Inc

Analysis

Sons of Confederate Veterans Inc is a registered charity in United States, based in Claremont, NC. It received its IRS tax-exemption ruling in August 2007, 19 years ago. 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 July 2024, Sons of Confederate Veterans Inc reported income of $99k and spending of $42k, leaving 58% of income unspent that year. Across the 3 years on record, from July 2021 to July 2024, income grew from $77k to $99k (+29%), an average of +13% a year. The sharpest change came in the year to July 2024, when income rose by 17%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sons of Confederate Veterans Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include New York State Perinatal Association Inc ($99k), Huntsville Community Chorus Assoc ($99k) and Bowie Alumni Association ($99k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 61% of the total. At year end it held assets of $389k against liabilities of $0, net assets of $389k.