Soar Special Recreation of the Lowcountry Inc

Analysis

Soar Special Recreation of the Lowcountry Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in December 2019, 7 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, Soar Special Recreation of the Lowcountry Inc reported income of $288k and spending of $270k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $238k to $288k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soar Special Recreation of the Lowcountry Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within SC. Charities of a similar size with the same main cause include Regional Ice Hockey Association ($288k), Motorcycle Riders Association ($288k) and Burleson Independent Soccer Association ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $66k (25% of expenses). Other salaries and wages came to $80k. At year end it held assets of $269k against liabilities of $54k, net assets of $215k. It reported 3 employees.