Don Ryan Center for Innovation Inc

Analysis

Don Ryan Center for Innovation Inc is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in March 2012, 14 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 June 2023, Don Ryan Center for Innovation Inc reported income of $876k and spending of $796k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $310k to $876k (+183%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Don Ryan Center for Innovation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Detroit Future City ($876k), Project Onward ($876k) and Community Action Development Corp of the Lehigh Valley ($873k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Other salaries and wages came to $240k. At year end it held assets of $791k against liabilities of $476k, net assets of $315k.