Friends of Sycamore Shoals State Historic Area Inc

Analysis

Friends of Sycamore Shoals State Historic Area Inc is a registered charity in United States, based in Elizabethton, TN. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Friends of Sycamore Shoals State Historic Area Inc reported income of $722k and spending of $302k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $722k (+141%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 31% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Sycamore Shoals State Historic Area Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Connecticut Hockey Conference Inc ($722k), Eagles Wings Retreat Center Inc ($722k) and Chanhassen Athletic Association ($721k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.7% of the total. At year end it held assets of $1.8m against liabilities of $835, net assets of $1.8m.