Friends of Camp Soles Inc

Analysis

Friends of Camp Soles Inc is a registered charity in United States, based in Rockwood, PA. It received its IRS tax-exemption ruling in July 2021, 5 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 Camp Soles Inc reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $699k to $1.1m (+59%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 78% 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 Camp Soles Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Sailing Education Association of Sheboygan Inc ($1.1m), Interscholastic Athletic Conference Inc ($1.1m) and Penn Athletics Club of Bucks County Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $63k (6.3% of expenses). Other salaries and wages came to $227k. At year end it held assets of $808k against liabilities of $74k, net assets of $734k. It reported 36 employees.