Habele Outer Island Education Fund

Analysis

Habele Outer Island Education Fund is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Habele Outer Island Education Fund reported income of $307k and spending of $619k, spending 201% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $329k to $307k (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Habele Outer Island Education Fund sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include West Ranch High School Band Boosters ($307k), Fireworkd Foundation Inc ($307k) and Gift of Chess Inc ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $135k (22% of expenses). Other salaries and wages came to $151k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 2 employees.