Ccedc Two Inc

Analysis

Ccedc Two Inc is a registered charity in United States, based in Walterboro, SC. It received its IRS tax-exemption ruling in March 2023, 3 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 2023, Ccedc Two Inc reported income of $102k and spending of $127k, spending 124% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $532k to $102k (-81%), an average of -56% a year. The sharpest change came in the year to December 2022, when income dropped by 78%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ccedc Two Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 43rd percentile within SC. Charities of a similar size with the same main cause include New Mexico Resiliency Alliance ($102k), Rotary Club of St Cloud Inc ($102k) and Catalyst Fund ($102k).

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 $2.2m against liabilities of $0, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.