Sons of Confederate Veterans Inc

Analysis

Sons of Confederate Veterans Inc is a registered charity in United States, based in Mt Pleasant, TN. 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 $167k and spending of $61k, leaving 64% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income grew from $117k to $167k (+42%), an average of +42% a year. The sharpest change came in the year to July 2024, when income rose by 42%. Over the whole period it spent 59% 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 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within TN. Charities of a similar size with the same main cause include Ben Bay Kiwanis Foundation Inc ($167k), New Hope Fire Co the ($167k) and River to River Runners ($167k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 88% and program service revenue 5.6% of the total. At year end it held assets of $577k against liabilities of $0, net assets of $577k.