Sea Island Community Development Funds Inc

Analysis

Sea Island Community Development Funds Inc is a registered charity in United States, based in Johns Island, SC. It received its IRS tax-exemption ruling in September 1977, 49 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 2023, Sea Island Community Development Funds Inc reported income of $880k and spending of $854k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $780k to $880k (+13%), an average of +4.1% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sea Island Community Development Funds Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Red Wave Swim Team ($880k), Lancaster Mennonite Conference Historical Society ($880k) and El Campito Inc ($880k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.8m against liabilities of $1.1m, net assets of $737k.