Associated Charities of Myrtle Beach Inc

Analysis

Associated Charities of Myrtle Beach Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in July 1975, 51 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 2023, Associated Charities of Myrtle Beach Inc reported income of $128k and spending of $51k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $128k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Associated Charities of Myrtle Beach Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within SC. Charities of a similar size with the same main cause include PTA Texas Congress ($128k), East Region Emergency Medical Services and Trauma Care Council ($128k) and Raton Humane Society ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 71% of the total. At year end it held assets of $376k against liabilities of $0, net assets of $376k.