Exchange Club of Charleston Foundation Inc

Analysis

Exchange Club of Charleston Foundation Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Exchange Club of Charleston Foundation Inc reported income of $52k and spending of $12k, leaving 78% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $39k to $52k (+33%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Exchange Club of Charleston Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within SC. Charities of a similar size with the same main cause include Walter N Charles Trust ($52k), Deer Park High School Band Booster Club ($52k) and Reaching Beyond Words ($52k).

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 $938k against liabilities of $0, net assets of $938k.