Charity Foundation

Analysis

Charity Foundation is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in April 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Charity Foundation reported income of $162k and spending of $156k, spending 97% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $241k to $162k (-33%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charity Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within SC. Charities of a similar size with the same main cause include Ravenna Balloon A-Fair ($162k), Wilmington Works Inc ($162k) and Les Dames Descoffier of Philadelphia ($162k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 6.7% of the total. At year end it held assets of $344k against liabilities of $232k, net assets of $112k.