Community Foundation of the Lowcountry Inc

Analysis

Community Foundation of the Lowcountry Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Community Foundation of the Lowcountry Inc reported income of $13.8m and spending of $15.1m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.4m to $13.8m (+47%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 192%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of the Lowcountry Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Siemer Family Foundation ($13.8m), Jewish Federation of Northern New Jersey Inc ($13.9m) and University of Pittsburgh and Upmc Medical and Health Sciences FDN ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $339k (2.3% of expenses). Other salaries and wages came to $579k. At year end it held assets of $80.3m against liabilities of $5.6m, net assets of $74.7m. It reported 15 employees.