Freshwater Coast Community Foundation

Analysis

Freshwater Coast Community Foundation is a registered charity in United States, based in Abbeville, SC. It received its IRS tax-exemption ruling in April 2015, 11 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, Freshwater Coast Community Foundation reported income of $178k and spending of $89k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $178k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Freshwater Coast Community Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include West Valley Community Campus ($177k), Healthy Caregiver Foundation ($178k) and Lifeworks Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.