Alliance for Economic Development for Georgetown County

Analysis

Alliance for Economic Development for Georgetown County is a registered charity in United States, based in Georgetown, SC. It received its IRS tax-exemption ruling in January 1979, 47 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 December 2023, Alliance for Economic Development for Georgetown County reported income of $70k and spending of $54k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $16k to $70k (+321%), an average of +321% a year. The sharpest change came in the year to December 2023, when income rose by 321%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alliance for Economic Development for Georgetown County sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 34th percentile within SC. Charities of a similar size with the same main cause include Zanesville Community Theatre ($70k), Racial Justice Network ($70k) and Sparks Heritage Foundation and Museum Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $1,028, net assets of $87k.