South Shore Initiative Corp

Analysis

South Shore Initiative Corp is a registered charity in United States, based in Weymouth, MA. It received its IRS tax-exemption ruling in December 2002, 24 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, South Shore Initiative Corp reported income of $128k and spending of $52k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $128k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 60% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, South Shore Initiative Corp sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Cocke County Agricultural Industrial Fair Incorporated ($128k), Beartown Ski Area Inc ($128k) and SC Referee Committee ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $199k against liabilities of $0, net assets of $199k.