Community Chest of Honea Path

Analysis

Community Chest of Honea Path is a registered charity in United States, based in Honea Path, SC. It received its IRS tax-exemption ruling in December 1972, 54 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, Community Chest of Honea Path reported income of $57k and spending of $62k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $57k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Chest of Honea Path sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 28th percentile within SC. Charities of a similar size with the same main cause include Crawlin to a Cure ($57k), National Charity League Inc Orchard Valley Chapter ($57k) and Maria Hall Brantley and George Hall Brantley Endowment Trust ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.