Institute for Strategic and Equitable Development

Analysis

Institute for Strategic and Equitable Development is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Institute for Strategic and Equitable Development reported income of $850k and spending of $892k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $850k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute for Strategic and Equitable Development sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Social Performance Task Force ($849k), Viable Inc ($850k) and Southern Vermont Health and Recreation Center Foundation Inc ($849k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (6.7% of expenses). At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.