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Outer Banks Sporting Events Inc

EIN 38-3804133 · Kill Devil Hl, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak9 out of 100GovernanceGood79 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It owes more than it owns.
  • Only 45% of its spending went to programs.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO ORGANIZE AND PROMOTE SPORTS COMPETITION AND HEALTHY LIVING WHILE CONTRIBUTING TO LOCAL ECONOMIC DEVELOPMENT AND PROVIDING FINANCIAL RESOURCES TO OTHER NON-PROFITS LOCATED ON THE OUTER BANKS OF NORTH CAROLINA.

Income
$239,377
Spending
$268,160
Spent on programs
45%
Reserves
-6.5 months of spending
Largest source of income
fees for its services, 58%
Employees
2

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 9 out of 100. Higher than 1% of charities in its peer group (recreation and sports, under $250k).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    0 of 20

    It owes 554% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 12% of income.

  • Income trend

    5 of 15

    Income fell 18% on the year before.

  • Spending floor

    0 of 15

    45% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 79 out of 100. Higher than 83% of charities in its peer group (recreation and sports, under $250k).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $47,740 spent. THE OUTER BANKS MARATHON/HALF MARATHON IS OUR SIGNATURE EVENT. THIS EVENT IS RUN ON VETERANS DAY WEEKEND IN ORDER TO TAKE ADVANTAGE OF THE EXTRA LONG WEEKEND AND COOL FALL WEATHER. EVENTS INCLUDE SOMETHING FOR EVERYONE; A FUN RUN, 5K, 10K, HALF AND FULL MARATHON. OBSE PARTNERS WITH GOFAR - AN ORGANIZATION WHICH PROMOTES AND COORDINATE HEALTHY YOUTH RUNNING, TRAINING, PROGRAMS TO PARTICIPATE IN THE FUN RUN AND 5K EVENTS. THERE IS A FAMILY FRIENDLY ATMOSPHERE WITH VENDORS AND KID FRIENDLY ACTIVITIES. THE POST-RACE FESTIVAL ON SUNDAY CONCLUDES AT THE WRIGHT BROTHERS NATIONAL MEMORIAL WITH THOUSANDS GATHERING TO ENJOY THE MUSIC, FOOD AND FUN, WHILE WATCHING RUNNERS FINISH THE HALF AND FULL MARATHONS.
  2. $40,076 spent. THE FLYING PIRATE HALF MARATHON IS ORGANIZED TO BRING VISITORS TO THE OUTER BANKS AND INCREASE ECONOMIC DEVELOPMENT DURING A TYPICAL SLOW PORTION OF THE TOURIST SEASON AND FOSTER NATIONAL INTERNATIONAL AMATEUR SPORTS COMPETITION.
  3. $21,396 spent. THE OUTER BANKS TRIATHLON IS A SERIES OF TWO TRIATHLONS WHICH OFFER SOMETHING FOR ALL SKILL LEVELS. THERE IS ALSO AN OPPORTUNITY TO COMPETE AS RELAY TEAMS WHICH GIVES ATHLETES THE CHANCE TO PAIR WITH OTHERS IN THEIR AREAS OF EXPERTISE TO COMPETE A TRIATHLON. THE TRIATHLON ENCOURAGES HEALTHY LIVING AND FITNESS AS RUNNER, CYCLIST AND/OR SWIMMER. THIS EVENT BROUGHT OVER 300 ATHLETES AND THEIR FAMILIES TO THE AREA IN SEPTEMBER, WHEN TOURISM STARTS TO WANE YET WEATHER AND WATERS ARE STILL WARM ENOUGH TO ENJOY. EXPOSURE TO THE OUTER BANKS ENVIRONMENT DURING THIS TIME OF THE YEAR WILL ENCOURAGE VISITORS TO RETURN FOR A HOLIDAY OR LONGER VACATION.
  4. $10,592 spent. THE RUNNING OF THE LEPRECHAUNS IS HELD IN CONJUNCTION WITH THE CELEBRATED ST. PATRICK'S DAY PARADE AND INCLUDE A 5K & 10K RUN.
  5. THE RUNNING OF THE LEPRECHAUNS IS HELD IN CONJUNCTION WITH THE CELEBRATED ST. PATRICK'S DAY PARADE AND INCLUDE A 5K & 10K RUN.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2010.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.