Charleston Regatta Inc

Analysis

Charleston Regatta Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in January 2023, 3 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, Charleston Regatta Inc reported income of $1.5m and spending of $1.3m, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.4m to $1.5m (+8.0%), an average of +8.0% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charleston Regatta Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within WV. Charities of a similar size with the same main cause include Chicago Area Runners Assoc ($1.5m), Williamson County Fair Association Inc ($1.5m) and Govoah Special Projects Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $370k against liabilities of $4,464, net assets of $366k.