Beaufort County Open Land Trust Inc

Analysis

Beaufort County Open Land Trust Inc is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Beaufort County Open Land Trust Inc reported income of $2.6m and spending of $2.9m, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $790k to $2.6m (+234%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 1265%. Over the whole period it spent 95% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Beaufort County Open Land Trust Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Anchorage Park Foundation ($2.6m), Great Smoky Mountain Institute ($2.6m) and Leading Harvest ($2.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $96k (3.4% of expenses). Other salaries and wages came to $252k. At year end it held assets of $14.4m against liabilities of $657k, net assets of $13.7m. It reported 5 employees.