Friends of Santa Claus Inc

Analysis

Friends of Santa Claus Inc is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friends of Santa Claus Inc reported income of $53k and spending of $49k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $53k (+9.9%), an average of +9.9% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Santa Claus Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 26th percentile within SC. Charities of a similar size with the same main cause include Care Advocates Inc ($53k), Malayalee Association of Westchester Inc ($53k) and New Life Global Ministry Inc ($53k).

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 $55k against liabilities of $0, net assets of $55k.