Sons of Confederate Veterans Inc

Analysis

Sons of Confederate Veterans Inc is a registered charity in United States, based in Columbia, TN. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 July 2022, Sons of Confederate Veterans Inc reported income of $1.9m and spending of $1.8m, spending 96% of its income. Across the 4 years on record, from July 2019 to July 2022, income grew from $1.8m to $1.9m (+2.5%), an average of +0.8% a year. The sharpest change came in the year to July 2021, when income rose by 27%. Over the whole period it spent 80% 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 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Yocum Family Perpetual Charitable TR ($1.9m), The 100 Club of Illinois ($1.9m) and Orau Foundation ($1.9m).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 76% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $78k (4.3% of expenses). Other salaries and wages came to $203k. At year end it held assets of $16.6m against liabilities of $4.6m, net assets of $12.0m. It reported 12 employees.