Hartsville Community Development Foundation

Analysis

Hartsville Community Development Foundation is a registered charity in United States, based in Hartsville, SC. It received its IRS tax-exemption ruling in October 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 December 2023, Hartsville Community Development Foundation reported income of $68k and spending of $76k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $348k to $68k (-81%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hartsville Community Development Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 33rd percentile within SC. Charities of a similar size with the same main cause include TRV Stewardship Council ($68k), Laiba Memorial Welfare Organization ($68k) and Dress for Success Brookhaven Inc ($68k).

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 $222k against liabilities of $51k, net assets of $171k.

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.