Favor Grand Strand

Analysis

Favor Grand Strand is a registered charity in United States, based in Conway, SC. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Favor Grand Strand reported income of $205k and spending of $187k, spending 91% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $41k to $205k (+401%), an average of +124% a year. The sharpest change came in the year to December 2021, when income rose by 402%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Favor Grand Strand sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 60th percentile within SC. Charities of a similar size with the same main cause include Benzie Community Drop-In Center ($205k), Art of Life Cancer Foundation Inc ($205k) and Trinity Community Care Inc ($205k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $57k (31% of expenses). Other salaries and wages came to $43k. At year end it held assets of $105k against liabilities of $1,939, net assets of $103k. It reported 7 employees.