Friends of the Lowline

Analysis

Friends of the Lowline is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in October 2016, 10 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, Friends of the Lowline reported income of $65k and spending of $93k, spending 143% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $450k to $65k (-86%), an average of -38% a year. The sharpest change came in the year to December 2021, when income dropped by 67%. Over the whole period it spent 40% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of the Lowline sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 31st percentile within SC. Charities of a similar size with the same main cause include Gundaker Foundation Rotary Dist 7450 ($65k), Far South West-Southeast Community Development Corporation ($65k) and Restart 3 20 Inc ($65k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $339k, net assets of -$327k.