Greenwood County Community Foundation Inc

Analysis

Greenwood County Community Foundation Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Greenwood County Community Foundation Inc reported income of $10.4m and spending of $1.1m, leaving 89% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.6m to $10.4m (+302%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 345%. Over the whole period it spent 24% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greenwood County Community Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Great Rivers Greenway Foundation ($10.4m), Goodwill Industries of South Mississippi Inc ($10.5m) and Community Vision Capital & Consulting ($10.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $94k (8.3% of expenses). Other salaries and wages came to $41k. At year end it held assets of $19.0m against liabilities of $543k, net assets of $18.5m. It reported 2 employees.