Benedict-Allen Community Corp

Analysis

Benedict-Allen Community Corp is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 1996, 30 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 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, Benedict-Allen Community Corp reported income of $78k and spending of $74k, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $107k to $78k (-27%), an average of -10% a year. The sharpest change came in the year to June 2023, when income rose by 182%. Over the whole period it spent 326% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Benedict-Allen Community Corp sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include Noor Womens Association ($78k), Kern County Sheriffs Mounted Posse ($78k) and Windy City Toolbank Inc ($78k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $272k against liabilities of $15k, net assets of $256k.