Seahawk Intercollegiate

Analysis

Seahawk Intercollegiate is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Seahawk Intercollegiate reported income of $69k and spending of $67k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $243k to $69k (-71%), an average of -71% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 24% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Seahawk Intercollegiate sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Groton-Dunstable Youth Basketball League Inc ($69k), Lido Sports School Inc ($69k) and Japan Karate & Judo Center Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $236k against liabilities of $0, net assets of $236k.