Charles Town Landing Foundation

Analysis

Charles Town Landing Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in May 1977, 49 years ago. 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 June 2023, Charles Town Landing Foundation reported income of $53k and spending of $52k, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $57k to $53k (-6.7%), an average of -6.7% a year. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles Town Landing Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within SC. Charities of a similar size with the same main cause include PTA North Carolina Congress ($53k), Hardy Fern Foundation ($53k) and Sunnyside Apartments Inc ($53k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.