Junior League of Charleston Inc

Analysis

Junior League of Charleston Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in February 1945, 81 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 May 2023, Junior League of Charleston Inc reported income of $286k and spending of $291k, spending 102% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $252k to $286k (+14%), an average of +4.4% a year. The sharpest change came in the year to May 2021, when income rose by 60%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Junior League of Charleston Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within SC. Charities of a similar size with the same main cause include Martin Luther King Jr Celebration Committee of Brazoria County ($286k), Pompton Lakes Partnership Management Corporation ($286k) and Kiwanis Indiana Foundation Inc ($286k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $79k (27% of expenses). Other salaries and wages came to $45k. At year end it held assets of $1.1m against liabilities of $156k, net assets of $967k. It reported 3 employees.