Native Island Business & Community Affairs Association Inc

Analysis

Native Island Business & Community Affairs Association Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in June 2015, 11 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 December 2023, Native Island Business & Community Affairs Association Inc reported income of $327k and spending of $383k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $327k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Native Island Business & Community Affairs Association Inc 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 63rd percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include Far Away Friends Inc ($326k), Downtown Springfield Inc ($327k) and Chapel Vision Community Development Corporation ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 9.4% of the total. Other salaries and wages came to $101k. At year end it held assets of $83k against liabilities of -$331, net assets of $83k. It reported 2 employees.