Charleston County Parks Foundation Inc

Analysis

Charleston County Parks Foundation Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Charleston County Parks Foundation Inc reported income of $225k and spending of $191k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $62k to $225k (+260%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 139%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charleston County Parks Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include Monterey County Pops Inc ($225k), Ballet Flamenco LA Rosa Inc ($225k) and Hazleton Art League Inc ($225k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $697k against liabilities of $132k, net assets of $565k.