Coastal Cheer Athletics Incorporated

Analysis

Coastal Cheer Athletics Incorporated is a registered charity in United States, based in Weeki Wachee, FL. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Coastal Cheer Athletics Incorporated reported income of $61k and spending of $62k, spending 102% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $55k to $61k (+10%), an average of +10% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Coastal Cheer Athletics Incorporated sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Cape Atlantic League Inc ($61k), Wilmington Hurricane Youth Football Program ($61k) and Friends of Lincoln Sudbury Boys Lacrosse Inc ($61k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $275 against liabilities of $0, net assets of $275.