Eastern Carolina Communityfoundation Inc

Analysis

Eastern Carolina Communityfoundation Inc is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Eastern Carolina Communityfoundation Inc reported income of $4.5m and spending of $1.6m, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $663k to $4.5m (+583%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 430%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eastern Carolina Communityfoundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include United Way of Southwestern Indiana Inc ($4.5m), Jewish Federation of San Antonio ($4.5m) and Nebraska Enterprise Fund ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $83k (5.2% of expenses). Other salaries and wages came to $4,940. At year end it held assets of $22.3m against liabilities of $12.6m, net assets of $9.7m. It reported 2 employees.