Colleton Development Corporation Inc

Analysis

Colleton Development Corporation Inc is a registered charity in United States, based in Walterboro, SC. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Colleton Development Corporation Inc reported income of $133k and spending of $184k, spending 138% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $133k to $133k (+0.0%), an average of +0.0% a year. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colleton Development Corporation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within SC. Charities of a similar size with the same main cause include Helper Project ($133k), St Jeans Credit Union Charitable Foundation Inc ($133k) and Dimond Improvement Association ($133k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 70% of the total. At year end it held assets of $83k against liabilities of $15k, net assets of $69k.