Local Boys Do Good

Analysis

Local Boys Do Good is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Local Boys Do Good reported income of $597k and spending of $522k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $597k (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 246%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Local Boys Do Good sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Fund for Girard College ($597k), Nagarathar Sangam of North America Inc ($597k) and Indigo Support Corporation ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $244k. At year end it held assets of $1.1m against liabilities of $5,599, net assets of $1.1m. It reported 9 employees.