Parris Island Heritage Foundation

Analysis

Parris Island Heritage Foundation is a registered charity in United States, based in Parris Island, SC. It received its IRS tax-exemption ruling in September 1991, 35 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 September 2023, Parris Island Heritage Foundation reported income of $306k and spending of $290k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $323k to $306k (-5.3%), an average of -1.3% a year. The sharpest change came in the year to September 2022, when income rose by 111%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parris Island Heritage Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include Vocal Music Parents Association of Fountain Valley H S ($306k), Bethel Home & Services Foundation Inc ($306k) and Eventide Senior Housing Inc ($306k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.5% of the total. Other salaries and wages came to $173k. At year end it held assets of $752k against liabilities of $16k, net assets of $736k. It reported 10 employees.