Charity Search / CHARLESTON OCEAN RACING ASSOCIATION INC
Education (B03) 990 on File

CHARLESTON OCEAN RACING ASSOCIATION INC

EIN: 57-6079578 · CHARLESTON, SC 29412-3019 · United States · FY 2025 Data
3 out of 5 53 / 100 Based on 2+ years of filings
Financial strength (30%) 88/100
Reliability (20%) 50/100
Effectiveness (25%) 68/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$108K
Total Revenue
$96K
Total Expenses
$332K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 67.8%
Fundraising Efficiency N/A
Operating Reserve 41.70x
Liability-to-Asset 0.0%
Revenue Diversification 51.4%
Executive Compensation $0
Compared with Peers
FY 2025
Compared with 14,592 similar organizations (United States, Education, under $100K in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
67.8% 86.9%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
32.2% 6.5%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
41.7 mo 18.6 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
51.4% 82.6%
P10P90
Above median
Surplus margin
Surplus as a share of revenue
11.4% 10.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $108K $96K $332K 67.8% 0
2023 $14K $56K $301K 87.6% 0
2022 $315K $317K $407K 91.3% 0
2021 $258K $242K N/A — 0
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Organization Details
EIN
57-6079578
State
SC
City
CHARLESTON
ZIP
29412-3019
Classification
B03
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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