Coastal Community Foundation of South Carolina Inc

Analysis

Coastal Community Foundation of South Carolina Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in July 1982, 44 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, Coastal Community Foundation of South Carolina Inc reported income of $59.0m and spending of $32.6m, leaving 45% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $43.2m to $59.0m (+36%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Coastal Community Foundation of South Carolina Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Johnson Charitable Gift Fund ($58.9m), Dayton Foundation ($59.3m) and Jeremy and Hannelore Grantham Environmental Trust ($58.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $676k (2.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $389.4m against liabilities of $4.6m, net assets of $384.7m. It reported 45 employees.