Friends of Callawassie Island Inc

Analysis

Friends of Callawassie Island Inc is a registered charity in United States, based in Okatie, SC. It received its IRS tax-exemption ruling in August 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Callawassie Island Inc reported income of $119k and spending of $116k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $599k to $119k (-80%), an average of -42% a year. The sharpest change came in the year to December 2021, when income dropped by 82%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Callawassie Island Inc 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 41st percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include The White Bear Lake Rotary Foundation ($119k), Capital Manor Foundation ($119k) and Braxton Miller Foundation ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $596k against liabilities of $0, net assets of $596k.