Friends of the Edisto Inc

Analysis

Friends of the Edisto Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in August 2000, 26 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 2022, Friends of the Edisto Inc reported income of $118k and spending of $66k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $70k to $118k (+70%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of the Edisto Inc 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 47th percentile within SC. Charities of a similar size with the same main cause include Top O Texas Sportsman Club Inc ($118k), Travis County Women Lawyers Foundation ($118k) and Koinonia of Columbia Inc ($118k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.8% of the total. Other salaries and wages came to $40k. At year end it held assets of $249k against liabilities of $26k, net assets of $223k. It reported 23 employees.