Hilton Head Island Deep Well Project

Analysis

Hilton Head Island Deep Well Project is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2023, Hilton Head Island Deep Well Project reported income of $2.9m and spending of $2.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.9m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 74% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Hilton Head Island Deep Well Project sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Connecticut River Watershed Council Inc ($2.9m), Maryland Coastal Bays Foundation Inc ($2.9m) and Meso-American Reef Fund ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 2.0% of the total. Other salaries and wages came to $486k. At year end it held assets of $9.2m against liabilities of $53k, net assets of $9.2m. It reported 8 employees.