Halo SC Incorporated

Analysis

Halo SC Incorporated is a registered charity in United States, based in Little MTN, SC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Halo SC Incorporated reported income of $85k and spending of $91k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $85k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Halo SC Incorporated sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 39th percentile within SC. Charities of a similar size with the same main cause include Greenwood County Council on Aging ($85k), Fly Right ($85k) and LGBT Resource Center for the 7 Rivers Region Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.