Pirate Classic Inc

Analysis

Pirate Classic Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pirate Classic Inc reported income of $54k and spending of $33k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $19k to $54k (+182%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 50% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Pirate Classic Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Chandler Horizon Rotary Foundation ($54k), Kelli Joy Olaughlin Memorial Fund ($54k) and Don Carey Reech Foundation ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.