Sea Scout Ship Challenge 5111 Inc

Analysis

Sea Scout Ship Challenge 5111 Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2016, 10 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, Sea Scout Ship Challenge 5111 Inc reported income of $59k and spending of $55k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $59k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sea Scout Ship Challenge 5111 Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Lincoln Rockets Inc ($59k), Prodigy Fastpitch Incorporated ($59k) and Andover Center Ice Club ($59k).

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 $43k against liabilities of $0, net assets of $43k.