Compass of Carolina Inc

Analysis

Compass of Carolina Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in November 1964, 62 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 2022, Compass of Carolina Inc reported income of $615k and spending of $852k, spending 138% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $933k to $615k (-34%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass of Carolina Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Flourish Foundation ($615k), Killeen Isd Education Foundation Inc ($615k) and Cedar Training Center ($615k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $66k (7.7% of expenses). Other salaries and wages came to $414k. At year end it held assets of $2.3m against liabilities of $1.9m, net assets of $473k. It reported 18 employees.