Friends of Coastal South Carolina

Analysis

Friends of Coastal South Carolina is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2022, Friends of Coastal South Carolina reported income of $282k and spending of $169k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income fell from $1.2m to $282k (-77%), an average of -52% a year. The sharpest change came in the year to December 2021, when income dropped by 73%. Over the whole period it spent 21% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Coastal South Carolina sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within SC. Charities of a similar size with the same main cause include Time and the Valleys Museum ($282k), Grounds Krewe Nola Inc ($283k) and 101 Gardens ($282k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 72% and program service revenue 0.1% of the total. Other salaries and wages came to $101k. At year end it held assets of $2.0m against liabilities of $2,476, net assets of $2.0m. It reported 4 employees.