Reserve at Lake Keowee Charitable Foundation

Analysis

Reserve at Lake Keowee Charitable Foundation is a registered charity in United States, based in Sunset, SC. It received its IRS tax-exemption ruling in July 2010, 16 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reserve at Lake Keowee Charitable Foundation reported income of $537k and spending of $519k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $537k (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reserve at Lake Keowee Charitable Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include 1voice Foundation Inc ($536k), United Way of Ashtabula County ($537k) and Lifelink International Inc ($536k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $17k, net assets of $115k.