Acercamiento Hispano de Carolina Del Sur

Analysis

Acercamiento Hispano de Carolina Del Sur is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in March 1997, 29 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, Acercamiento Hispano de Carolina Del Sur reported income of $116k and spending of $127k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $131k to $116k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income rose by 408%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Acercamiento Hispano de Carolina Del Sur sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Foundation for Douglas County Recreation and Senior Centers ($116k), National Council of Jewish Women Incorporated ($117k) and General Federation of Womens Club ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (39% of expenses). Other salaries and wages came to $21k. At year end it held assets of $96k against liabilities of $8,337, net assets of $88k. It reported 5 employees.