Confederate Home and College

Analysis

Confederate Home and College is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 1951, 75 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, Confederate Home and College reported income of $583k and spending of $565k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $583k (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 202%. 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, Confederate Home and College 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 72nd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include 16 Dutch Housing Development Fundcorp ($583k), Chaffee Housing Trust ($583k) and Benevolence Farm ($583k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 50% of the total. Other salaries and wages came to $28k. At year end it held assets of $7.2m against liabilities of $0, net assets of $7.2m. It reported 2 employees.