Greenwood Community Improvement Foundation Inc

Analysis

Greenwood Community Improvement Foundation Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Greenwood Community Improvement Foundation Inc reported income of $175k and spending of $256k, spending 147% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $174k to $175k (+0.5%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greenwood Community Improvement Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include David Reznick Foundation Inc ($175k), Rehabilitation Enterprises of Washington ($175k) and Pennsylvania State Association of County Fairs ($175k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 80% and program service revenue 16% of the total. At year end it held assets of $678k against liabilities of $0, net assets of $678k.