Lowcountry Housing and Economic Development Foundation Inc

Analysis

Lowcountry Housing and Economic Development Foundation Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Lowcountry Housing and Economic Development Foundation Inc reported income of $135k and spending of $94k, leaving 30% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $82k to $135k (+65%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lowcountry Housing and Economic Development Foundation Inc 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 45th percentile, and in the 50th percentile within SC. Charities of a similar size with the same main cause include Community Housing Coalition ($135k), 703 Cedar Street Inc ($135k) and Keweenaw County Housing Corporation ($135k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $920k against liabilities of $405k, net assets of $515k.