Beaufort Jasper Economic Opportunity Commission Inc

Analysis

Beaufort Jasper Economic Opportunity Commission Inc is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in April 1968, 58 years ago. 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, Beaufort Jasper Economic Opportunity Commission Inc reported income of $10.4m and spending of $10.0m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $8.1m to $10.4m (+28%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beaufort Jasper Economic Opportunity Commission Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Hospice of Dubuque ($10.4m), Catholic Charities Indianapolis Inc ($10.4m) and Instituto Socio-Economico Comunitario Inc ($10.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $255k (2.5% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $2.4m against liabilities of $377k, net assets of $2.0m. It reported 163 employees.