Swannanoa Community Council Inc

Analysis

Swannanoa Community Council Inc is a registered charity in United States, based in Swannanoa, NC. It received its IRS tax-exemption ruling in July 1969, 57 years ago. 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 2022, Swannanoa Community Council Inc reported income of $57k and spending of $36k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $162k to $57k (-65%), an average of -65% a year. The sharpest change came in the year to December 2022, when income dropped by 65%. Over the whole period it spent 29% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Swannanoa Community Council Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include PTA Georgia Congress ($57k), Association of Fundraising Professionals ($57k) and PTA Texas Congress ($57k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 59% of the total. At year end it held assets of $304k against liabilities of $8,734, net assets of $295k.